A former executive of the World Bank Group’s International Finance Corporation has introduced a new VC fund worth 300 crore rupees (about US$35.5 million).

The fund Ortella Global Capital (OG Capital) targets investments in over 20 startups focusing on early and growth-stage enterprises in consumer and enterprise sectors.

The fund has initially invested in three startups and plans to allocate up to 15 crore rupees (around US$1.7 million) for every company.

Sayan Ghosh, OG Capital’s managing partner, has invested in and exited major firms like Lenskart and upGrad.