Dharana Capital has raised its second growth fund of $250 million.
With this infusion , the total assets under management (AUM) to $450 million.
The new fund will deployed across companies that focus on investing in tech and consumer businesses in India.
Dharana’s investors include leading US university endowments, health systems and other non-profits.
Commenting on the milestone, Vamsi Duvvuri, Founder and Managing Partner of Dharana Capital, said: “At Dharana, our vision is to back missionary founders building large, standalone and durable listed businesses. We believe India’s listed tech market cap will grow multi-fold over the next decade as more new-age enterprises go public. Our goal is to partner with a select few and play a meaningful role in this value creation.”
Dharana has invested in Urban Company, LAT Aerospace, Petpooja, Vyapar, Botlab/Vayudh, Itilite and Beyond Appliances.
Published on January 12, 2026
