Fund close · Enterprise software

Dharana Capital raises $250 million for second India growth fund

The vehicle will back growth-stage technology and consumer businesses with ambitions to become larger public companies.

Dharana Capital has raised $250 million for its second India-focused growth fund. The financing brings the investment firm’s total assets under management to $450 million.

The new vehicle will invest in technology and consumer businesses, working with founders over the long term as companies scale and prepare for public markets. Its investors include US university endowments, health systems and other nonprofit institutions.

Use of funds

Invest in Indian growth-stage technology and consumer businesses

Funding history

Fund close · This round$250M

Sources

  1. Dharana Capital raises $250 million for second India funddharana.com · Jan 12, 2026
  2. Dharana Capital raises $250 million for second India-focussed fund for tech, consumer betseconomictimes.indiatimes.com · Jan 12, 2026