The fund, managed under the company's India Inflection Opportunity Trust, aims for a total corpus of Rs 2,500 crore, which includes a Rs 1,000 crore green-shoe option.

BVF Series 3 targets high-growth, mid-market companies with annual revenues between Rs 300 crore and Rs 1,000 crore, particularly those in Tier-II and Tier-III cities. These companies align with the government's "Made in India" initiative by substituting imports, fostering exports, and supporting rural consumption.

Madhu Lunawat, Managing Director of The Wealth Company, stated, "We are committed to fostering India’s mid-market growth through strategic investments and active ownership. We are humbled by the trust our investors have placed in our vision and execution capabilities and remain dedicated to unlocking value for our stakeholders while driving growth in India’s entrepreneurial ecosystem."

The fund supports its portfolio companies in areas such as strategy, recruitment, business development, and corporate governance to ensure sustainable value creation and consistent investor returns. Structured exits, including IPOs within 30-36 months, remain a primary focus, along with other alternatives like private equity or mergers and acquisitions.

BVF Series 3 builds on the fundraising success of its predecessors. In the last six months, BVF Series 2 and 3 raised a total of Rs 3,000 crore. The first fund in the series, BVF Series 1, raised Rs 500 crore in 2023, followed by BVF Series 2 with commitments of over Rs 1,800 crore.

With the first close completed in just 45 days, the company, formerly known as Pantomath Capital Management, expects to reach its target for BVF Series 3 by mid-2025.