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South Park Commons is raising $40M for an India-specific fund
South Park Commons is raising $40 million for its India-specific fund over six months after announcing its outpost in Bengaluru.
Founded by Facebook’s first female engineer, Ruchi Sanghvi, in 2016, South Park Commons entered India last year by partnering with Flipkart co-founder Binny Bansal. Unlike traditional VC funds and incubators like Y Combinator, South Park Commons looks for technologists who have strong ideas but may not be ready to fundraise yet — the “-1 to 0” stage, as the company says in its FAQ. In September, the group hired Angel One executive director and CBO Prateek Mehta as its founding partner for the India outpost.
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