A SEBI-registered independent venture capital management firm, Colossa Ventures has declared its first funding close, Colossa WomenFirst Fund on Rs. 100 crore.

The funding investment with a target amount of Rs. 500 crore will be principally focused on investing in the Pre-series A stage. According to the sources, Colossa fosters to generate the functions in diverse sectors such as clean tech, deeptech, fintech, healthtech, climate tech and the consumer sectors.

The foremost goal of this funding is to bring gender-equity to create alpha and it has grabbed the attention from leading institutions such as SIDBI & family offices including Shriram Ownership Trust, Dr. Ranjan Pai’s Family Office & many others to invest in the first funding close.

Established in the year, 2022 by Ashu Suyansh & Vandana Rajadhyaksha, Colossa WomenFirst Fund is a imminent venture capital fund that aims to restructure the Indian startup landscape by nurturing the women-established, women-co-founded and ventures with women as a main beneficiaries exclusively.

In essence, a cluster of women-oriented venture funds are currently active in India such as Kalaari Capital operates CXXO initiative to support women founders, AWE - Achieving Women Equity, a gender-focused funding platform launched its progressive Fund accounting Rs. 350 crore, Big Tech Giant runs a program named Google for Startups to provide financial support for women startups by offering $100,000 in equity-free cash to women-owned startups and many other venture funds like StrongHer Ventures, She Capital & Saha Fund also spotlights on women-backed startups in India.