Cross-border VC firm Transit Cap in talks to raise up to $60m for debut fund

Cross-border venture capital (VC) firm Transit Capital is in talks to raise its debut fund and is targeting a corpus of $50-60 million, two people aware of the development said. “The fund will focus on investing in tech start-ups that have a cross-border angle. These might be start-ups based overseas but with a big user base here in India or those that have back-end operations here,” said one of the two persons cited above, requesting anonymity as the talks are private.