Former BharatPe CEO Suhail Sameer has successfully closed the first fund of OTP Ventures at ₹500 Cr, surpassing its initial target of ₹400 Cr after a 17-month fundraising exercise that commenced in August 2024.
The fund received commitments exceeding ₹750 Cr by January 2026, but Sameer decided to cap it at ₹500 Cr to maintain ‘fund size discipline and return considerations’.
Initial contributions of ₹180-200 Cr came swiftly from founders, colleagues, friends, and venture capital investors, while the fund faced challenges with institutional investors and family offices in subsequent quarters.
By November 2025, the fund had exceeded the original target, with a diversified LP base of approximately 55 investors, including about 20 startup founders. Sameer emphasized the importance of honoring existing investors’ trust by limiting the fund size and rejecting additional institutional investments.
Source: Inc42 Media