Sorin Investments, led by former KKR India chief Sanjay Nayar, aims to raise ₹2,000 crore for its second early-stage fund. This new corpus follows the deployment of its first fund, which has already invested 60% of its ₹1,350 crore capital across 12 startups.
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Sorin Investments, a venture capital firm established by former KKR India head Sanjay Nayar, is preparing to launch its second fund with a target of approximately ₹2,000 crore. The firm plans to begin formal preparations for this capital raise in the first quarter of the 2027 calendar year. This development highlights the firm's ongoing strategy to back early-stage Indian startups as it seeks to build on the performance of its maiden investment vehicle.
The proposed fund size marks a notable step up from the firm's first fund, which was capitalized at ₹1,350 crore. According to company information, about 60% of the initial capital has already been allocated to 12 different companies. Sorin Investments intends to deploy the remaining capital in the upcoming months by adding five to seven more investments to its portfolio. The management team includes general partner Angad Banga, a significant early investor in Nykaa, alongside partners Subeer Monga and Mandar Dandekar.
While the firm has traditionally operated with a sector-agnostic approach, covering areas such as fintech, health-tech, consumer internet, and direct-to-consumer brands, the second fund may see a shift in focus. The leadership is evaluating expanding its investment scope to include newer technology-heavy areas like deep-tech, space technology, and artificial intelligence. This shift reflects a broader trend in the Indian venture capital market, where investors are increasingly looking for growth in specialized, high-tech sectors to differentiate their portfolios.
For investors and market observers, the key monitorable will be the transition from the first fund to the second. The pace at which the firm completes the deployment of its remaining first-fund capital, combined with its ability to secure commitments for the new ₹2,000 crore target, will be essential to track. As the venture capital industry in India faces a competitive environment for both fundraising and high-quality deal flow, the performance of the firm’s existing 12 investments will likely influence institutional interest in this new fund. The upcoming Q1 2027 preparations will be the next major milestone for the firm as it looks to solidify its position in the startup ecosystem.