Empowering LPs with
Venture Capital (VC) funds are the engines of innovation — backing the startups that are disrupting industries and shaping our future. But behind every successful VC fund are the Limited Partners (LPs) — individuals, family offices, and institutions who provide the capital that fuels this progress.
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IvyCap Ventures Fund III
Why invest in this Fund: Though the Fund is in deployment stage, some investments have already seen up-rounds. Further, and mostly importantly VC's track record of exiting and returning capital in well proven. Think about it- 60% of the Fund was raised from LPs of Fund I and II, that says it all about the GPs.
Who should invest: If you are lookign for a 5-6 year horizon and can accept long term risk but want to bet on proven expert Fund management, this Fund is your best bet.
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| Key | Value |
|---|---|
| Fund # | 3 |
| Launch Date | 2022 |
| Fund Size | 2100 Cr |
| Thesis | Sector agnostic. Plans to nvest from Seed stage to Series B across 25 startups, acquire significant stake to be able to control exit and help growth of the portfolio companies with the help of strong IIT/IIM Alumni network & Ivycamp platform |
| Amount Invested | more than 40% |
| # Portfolio Co | 11 |
| Key Portfolio Co | Dhruva Space, Eggoz, Snitch, Purple Tutor, Beatoven.AI, GradRight, FlexifyMe, ZestIoT, Agraga, Celcius Logistics, Deep Rooted |
IvyCap Ventures Fund II
Why invest in this Fund: The Fund is in the 'Second-half' of the funds play with 10 active investments. Given the GPs strong track record of exits, an exposure at good price will give alpha retuns when the portfolio companies retun capital in next 3-4 years.
Who should invest: Investors looking for 3-4 time horizon and want to avoid uncertanity of portfolio.
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| Key | Value |
|---|---|
| Fund # | 2 |
| Launch Date | 2017 |
| Fund Size | 530 cr |
| Thesis | Sector agnostic. Invest 10% of fund at Seed stage to identify opportunities, invest 65% at Series A/B stage and rest 25% in the winners. Support growth of the portolio companies using the strong IIT/IIM Alumni network through IvyCamp program. |
| Amount Invested | 530 cr |
| # Portfolio Co | 15 |
| Key Portfolio Co | Pharmarack (exited),Clovia (exited), LendBox (active), Biryani By Kilo (partial exit), Singularity (active), BeYourPlus (active), Elucidata (active), RML Agtech (inactive), Emotix (active), GrabOnRent (inactive), FtCash(active), TaskBob (inactive) |
IvyCap Ventures Fund I
Why invest in this Fund: They hold BlueStone (2.28% of ~USD 1.4Bn), which is expected to go for IPO in 2025. Further the fund has strong track record of Exits (incredible 5 exits out of 10) and hopes to exit other holding soon. The fund is expected to fully wind down in next 2-3 years.
Who should invest: Investors who want a quicker return over next 2-3 years, but with limited downside risk should consider buying LP units of this fund. All investments are fully mature hence assessment is easier to take a call.
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| Key | Value |
|---|---|
| Fund # | 1 |
| Launch Date | 2014 |
| Fund Size | 230 Cr |
| Thesis | To invest in select startups (10 actually) in Series A/B/C stage but take significant (25-50%) stake to be able to control exit. |
| Amount Invested | 230 |
| # Portfolio Co | 10 |
| Key Portfolio Co | Purplle (partal exit), BlueStone (yet to exit), eShakti (yet to exit), Clovia (exited), Leixir Dental (exited), Sokrati (exited), Vinculum (yet to exit), FieldEZ (yet to exit), Aujas Networks (exited), RML Agtech (yet to exit) |
GrowX Ventures Fund II
Why invest in this fund: The fund is in deployment stage. GrowX has earlier invested in 49 companies, many of them are in Series A+ stages. That makes the deal flow easier for this Fund. Further, the Fund also benefits from the Series B+ Thesis which makes it less risky for LPs.
Who Should invest: If you are looking for VC-level returns but want to limit your downward risk, this is an ideal Fund — as it invests in Series B+ stage Deeptech startups.
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| Key | Value |
|---|---|
| Fund # | 2 |
| Launch Date | 2024 |
| Fund Size | 250 Cr |
| Thesis | Invest in Series B+ B2B, Deeptech startups |
| # Portfolio Co | 2 |
| Key Portfolio Co | Armory and one more which is in stealth mode |
GrowX Ventures Fund I
Why invest in this Fund: The Fund is in top decile, thanks to its investment in legendary spacetech companies such as Pixxel & Bellatrix. Other investments that played well are Progcap
Who should invest: Given its 7 year vintage, the fund is ideal for LPs who want to invest in fund that will retun capital in next 2-3 years.
🔍 View Details
| Key | Value |
|---|---|
| Fund # | 1 |
| Launch Date | 2018 |
| Fund Size | 162 cr |
| Thesis | This fund invested in B2B startups with preference in Deeptech, Fintechs & SaaS startups. It successfully exited Pixxel |
| Amount Invested | 162 cr |
| # Portfolio Co | 17 |
| Key Portfolio Co | Pixxel (Partial Exit), ProgCap, Bellatrix Aerospace, 4baseCare, Advantage Club, Cell Propulsion, Cosmofeed, CynLr, Lemnisk, Lightspeed Photonics, , Meddo, MedPay, Multipl, One Stack, RACEnergy, Wellthy, Zuddl |
VC Funds
Helping next-gen companies accomplish more every day
A powerful approach to project planning and product creation
What We Offer
For LPs - Smarter Access & Liquidity
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Missed a great fund? We help you invest even after the fund has closed.
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Want flexibility? Join in Year 4 — just before the fund begins returning cash flows — instead of locking capital for 7+ years.
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Need liquidity? Looking to exit your current holdings? We’re your ready and reliable partner.
For VCs - Your Trusted Partner in Fund Raising
- Your LPs expecting cash returns from you?we can help your LPs liquidate and thereby help you hold well performing investments longer.
- You are raising a new fund? we can support you by offering secondary liquidity for your LPs. That’s our vote of confidence in your fund that strengthens your fund raising pitch
Why It Matters
Creating a thriving secondary market for LPs is not just a financial necessity – it’s a catalyst for unlocking capital allocation to VCs at scale and accelerating the growth of India’s startups.
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FAQs
What is an LP Secondary transaction?
An LP secondary transaction involves the sale or purchase of an existing Limited Partner’s (LP’s) interest in a Venture Capital (VC) or Private Equity (PE) fund. Instead of waiting for the full lifecycle of the fund (typically 8–10 years), an LP can exit early by selling their stake to another buyer. Similarly, instead of entering the Fund during its launch, LPs can enter when the Fund is invested and portfolio known.
Who can sell on LP2nd?
Any existing LP in a venture capital fund—such as family offices, HNIs, corporates, or institutions—can list their fund interests for sale on LP2nd, subject to the fund’s governing terms and GP consent.
Who can buy fund interests on LP2nd?
Qualified investors, including HNIs, family offices, fund-of-funds, institutional investors, and seasoned angel investors, can buy LP interests on our platform.
Why would an LP want to sell their stake early?
There are many reasons, including:
- Portfolio rebalancing
- Liquidity needs
- Changing fund outlook or strategy
- Better alternative investment opportunities
How do buyers benefit from LP Secondaries?
Buyers can:
- Get access to top-tier VC funds post-close
- Enter a fund during its value realization phase (years 4–6)
- Often buy at a discount to NAV
- Shorten the typical fund lock-in period
How is pricing determined in LP secondaries?
Pricing is based on:
- The Net Asset Value (NAV) of the fund
- Performance of the underlying portfolio
- Fund’s stage and distribution profile
- Supply-demand dynamics in the secondary market
We help both parties arrive at a fair price using a transparent valuation framework.
Do I need General Partner (GP) approval to transact?
Yes, most VC fund agreements require the GP’s consent for secondary transfers. We coordinate this process on your behalf and maintain strong GP relationships to facilitate smooth approvals.
Is the process confidential?
Absolutely. All transactions are handled with strict confidentiality, and only verified and interested parties can access specific fund deal information after signing NDAs.
What types of funds are listed on LP2nd?
We work with a wide range of top-performing Indian VC funds across Seed, Series A, and Growth stages.
Does LP2nd charge a fee?
No, we don’t charge any fee to either the buyer or seller.
How do I get started?
- LPs looking to sell: Click “Sell” button next to your VC Fund or write to us your interest. We shall reach out to you.
- Buyers: Sign up and complete investor onboarding to access active opportunities.
Our team will guide you every step of the way.