Cactus Partners targets Rs 1,600 crore Fund II

Cactus Partners is a venture capital firm that plans to invest in 13-15 companies through its Fund II, which aims to raise Rs 1,600 crore.

The firm has already invested Rs 630 crore in 13 companies through its Fund I. Cactus focuses on high-quality businesses in sectors like advanced manufacturing, enterprise technology, and consumer technology.

The firm is cautious about investing in overvalued sectors and prefers businesses with strong unit economics and growth potential.

Cactus has seen significant growth in its portfolio companies and is exploring new opportunities in cybersecurity and quantum technologies.