Beams Fintech Fund announces the first close of its maiden fund at Rs 270 crore

Beams Fintech, India’s first growth-stage fintech fund, has completed the first close of its maiden fund within three months of its official launch. The firm has already received commitments of up to $36 million for the fund and is in the advanced stages of completing the documentation.

Beams will back growth-stage companies operating at the intersection of the financial services and technology (fintech) sector. Founded by fintech veterans Sagar Agarvwal, Dr Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain, Gaurav Jain and Venture Catalysts, the fund aims to reach the target corpus of $100 million within the next nine months.