A little over two years after launching his early-stage venture capital fund, former BharatPe CEO Suhail Sameer has announced OTP Ventures first fund’s final close at ₹500 Cr. The fund, which had initially set out to raise ₹400 Cr, exceeded its target following a 17-month fundraising exercise that began in August 2024. In a post on LinkedIn, Sameer said that the fund received commitments of over ₹750 Cr by January 2026 but chose to cap the fund at ₹500 Cr, citing “fund size discipline and return considerations”. In a LinkedIn post, Sameer said the first ₹180-200 Cr came quickly from founders, former colleagues, friends and other venture capital investors. However, he said the next few quarters were difficult, with several rejections from institutional investors and family offices. Some investors, he said, backed out after initial interest or signed non-binding commitments. Per him, the momentum picked up around August-September 2025, when the fund had reached about ₹250 Cr, eventually crossing its original ₹400 Cr target by November 2025. Sameer added that fresh commitments continued through the end of the year, taking total commitments to over ₹750 Cr before the firm decided to close at ₹500 Cr. “We eventually chose to only… Read MoreInc42 Media
