Former World Bank Executive Launches INR 300 Cr Venture Capital Fund

Ortella Global Capital (OG Capital) has announced the launch of its Rs 300 crore ($36 million) venture capital fund. The firm claims to be India’s first and only VC fund focused on co-building companies in collaboration with founders.

OG Capital adopts a co-building model, offering funding and hands-on support to help startups grow and scale into potential unicorns.

The fund plans to invest in over 20 companies, up to Rs 15 crore ($2 million) each, and has already backed three promising startups. It aims to deliver a 50% CAGR, targeting 10X returns for its investors. According to the VC firm, it will target early and growth-stage startups across consumer and enterprise solutions.

“We are not only targeting 10x returns for our investors but are also co-building companies that prioritize grassroots-level impact, sustainability, and gender diversity”, said Sayan Ghosh, managing partner of OG Capital.

Ghosh brings over a decade of experience as an entrepreneur, investment banker, and investor. During his more than three-year tenure at the World Bank, he was instrumental in driving investments and exits for companies like Lenskart, upGrad, 1mg, and BigBasket.

According to a press release, Ghosh has a proven track record of generating exits exceeding Rs 1,500 crore ($200 million) at a 40% CAGR. Additionally, as a limited partner, he has invested Rs 2,500 crore ($300 million) after assessing more than 350 funds, including venture capital, growth equity, private equity, and venture debt funds across India.