PixelSky Capital raises Rs 150 Cr in first close, targets Rs 400 Cr corpus

PixelSky Capital, a secondaries-focused fund backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has raised Rs 150 crore in its first close and the fund targets a Rs 400-crore corpus.

The fund has already allocated capital into beauty platform Purplle and logistics firm Porter, investing around Rs 40-45 crore in each at a $1-billion (around Rs 8,700 crore) valuation. It aims to pick secondary stakes in at least three more late-stage startups over the next few quarters.

Currently, the firm is focused on closing the fund and…