OTP Ventures closes first fund at ₹500 crore

Why it matters

- The fund is led by partners with deep operational experience in scaling and exiting ventures; Kunal Suri and Saurabh Vashishtha co-founded the social commerce app Simsim, which was acquired by Google/YouTube in 2021. This background in building for a tech giant provides portfolio companies with firsthand GTM insights for platform integration and enterprise partnerships. - While the initial summary mentioned SaaS, OTP Ventures' official focus is on consumer brands, consumer-facing platforms (in sectors like commerce, health, and education), and fintech. For infrastructure startups, this signals an opportunity to partner with or sell to a new wave of well-funded B2C and fintech companies that will require robust API-driven solutions. - Suhail Sameer's experience scaling BharatPe to over 10 million merchants involved significant infrastructure development and a B2B2C GTM motion. His angel investment portfolio already includes fintech startups focused on SME banking and credit, indicating a continued interest in the financial infrastructure space. - The launch of this fund comes as early-stage funding in India has seen a decline. In the first half of 2025, seed-stage funding fell by 23% from late 2024 and 44% from the prior year, making new capital sources critical for the ecosystem. - The name "OTP" originates from "Office Time Pass," a WhatsApp group the three founders created years ago when they were colleagues at the consulting firm McKinsey. All three partners bring a consulting background to their investment approach, focusing on strategic guidance beyond just capital. - The Indian SaaS market is projected to reach nearly $63 billion in revenue by 2032, with a significant trend toward AI integration; nearly 92% of Indian SaaS firms have adopted AI features in the past year. This creates a significant tailwind for infrastructure providers specializing in AI-enablement and automation APIs.

Key numbers

• OTP Ventures, a venture capital firm led by former BharatPe CEO Suhail Sameer, has closed its first fund at ₹500 crore (approx.
• - The fund is led by partners with deep operational experience in scaling and exiting ventures; Kunal Suri and Saurabh Vashishtha co-founded the social commerce app Simsim, which was acquired by Google/YouTube in 2021.
• For infrastructure startups, this signals an opportunity to partner with or sell to a new wave of well-funded B2C and fintech companies that will require robust API-driven solutions.
• Suhail Sameer's experience scaling BharatPe to over 10 million merchants involved significant infrastructure development and a B2B2C GTM motion.

What happens next

• For infrastructure startups, this signals an opportunity to partner with or sell to a new wave of well-funded B2C and fintech companies that will require robust API-driven solutions.
• The launch of this fund comes as early-stage funding in India has seen a decline.
• The fund will focus on early-stage investments in India's SaaS and infrastructure startup ecosystem.

Sources

• has closed
• The fund is led by
• While the initial summary
• Suhail Sameer's experience
• His angel investment
• In the first half of
• The name "OTP" originates
• The Indian SaaS market

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