Pentathlon Ventures secures ₹255 crore for second B2B tech fund
Pentathlon Ventures has closed its second B2B tech fund at ₹255 crore. The firm, founded in 2020, plans to support 16 to 20 early-stage startups over the next five years. These investments will focus on sectors like ecommerce enablement, fintech, and applied AI. Since its launch, Pentathlon has financed 31 B2B SaaS startups in total. The first fund backed 23 companies, while the second has already invested in eight, including OneStack, AyushPay, Vodex, and ElevateHQ. Each investment typically ranges between ₹4 crore and ₹8 crore.
The core team behind Pentathlon includes Sandeep Chawda, Saurabh Lahoti, Madhukar Bhatia, Ashok Mayya, Hemant Joshi, and Shahshank Deshpande. Their strategy aligns with growing investor interest in early-stage B2B SaaS, as firms like Equirus Group and Neon Fund also raise capital for similar ventures.
The new fund will target vertical SaaS, sustainable tech, and healthtech alongside its existing focus areas. Pentathlon aims to build on its track record while expanding into emerging sectors. With ₹255 crore secured, Pentathlon will continue backing startups for the next five years. The fund's average ticket size remains between ₹4 crore and ₹8 crore. This latest move reinforces the firm's commitment to scaling B2B SaaS innovation in India.
