Summary:
- Novastar Partners, a venture capital firm founded by former banker Dhruv Jhunjhunwala, is aiming to raise a Rs 350 crore ($42 million) fund.
- The fund will focus on investing in early-stage startups in sectors like fintech, enterprise tech, and consumer internet.
- Novastar Partners has already made investments in several startups, including Dezerv, Inai, and Gullak, and is looking to expand its portfolio with the new fund.