Cornerstone Ventures eyes $250 million third fund in 2027
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Cornerstone Ventures is targeting the second half of 2027 to launch its third fund, potentially raising up to $250 million.
- ✓The Mumbai-based firm plans to increase investments in deeptech and artificial intelligence.
- ✓"We don't want to keep going crazy saying, add more money," said managing partner Abhishek Prasad about returns.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Summary
Cornerstone Ventures is also looking to exercise the greenshoe option on its second fund which has $250 million as the upper limit
Venture capital firm Cornerstone Ventures is targeting the second half of 2027 to launch its third fund, potentially raising up to $250 million as it looks to increase investments in deeptech and artificial intelligence (AI).
The Mumbai-based company is also looking to exercise the greenshoe option on its second fund, Abhishek Prasad, managing partner at Cornerstone told Mint in an interview.
"We are going to wait out for some of these results from fund two. Because fund two will most likely wrap up by the end of this year or a few months into next year," said Prasad.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
mint
Read the full, original unfiltered story directly on the publisher's portal.