Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

Eternal Capital, founded and managed by seasoned operator and former BharatPe Chief Operating Officer Dhruv Dhanraj Bahl, has launched its maiden venture capital (VC) fund with a target corpus of Rs 120 crore. The fund also includes a greenshoe option of another Rs 120 crore, bringing its total capacity to Rs 240 crore.

Eternal Capital received the Securities and Exchange Board of India’s (Sebi) approval for a Category-I Alternative Investment Fund (AIF) in November 2023, and has already received commitments from marquee operators and entrepreneurs such as Suhail Sameer (ex-Chief Executive Officer, BharatPe), Deep Kalra (Founder, MakeMyTrip), Tarun Mathur (Co-founder, PolicyBazaar), Vikas Gupta (Chief Executive Officer, VLCC),