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Ex-Premji invest, International Finance Corporation trio’s fund bags Rs 1,000 crore

Economic Times

Economic Times · 10m ago

Ex-Premji invest, International Finance Corporation trio’s fund bags Rs 1,000 crore

Trident Growth Partners, a private equity firm founded by ex-Premji Invest partners and a former IFC investor, raised Rs 1,000 crore for its maiden fund's first close, targeting a Rs 2,000 crore final close by 2025. Anchored by Manipal group's Ranjan Pai, the fund will focus on consumer, financial services, technology, manufacturing, and healthcare sectors, aiming for significant minority stakes in growth-stage startups. The fund plans an 8-year lifecycle with 4-6 years investment holding.

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Related News

Former Premji Invest, IFC execs to launch growth fund

Inshorts · 1y ago

Former Premji Invest, IFC execs to launch growth fund

Atul Gupta and Rajesh Ramiah, who were partners at Premji Invest till last year, have teamed up with Pravan Malhotra to start a new investment firm. Malhotra was previously an executive at International Finance Corporation. The new fund is called Trident Growth Partners, they announced on LinkedIn without disclosing further details. The firm was incorporated in December.

Former IFC executive Sayan Ghosh launches venture capital fund

VCCircle

VCCircle · 1y ago

Former IFC executive Sayan Ghosh launches venture capital fund

Sayan Ghosh, a former executive at the International Finance Corporation (IFC), has launched his own venture capital fund, Ortella Global Capital (OG Capital). The fund aims to raise around Rs 300 crore and will provide operational support to early and growth-stage start-ups. OG Capital plans to invest up to Rs 15 crore in over 20 companies, with a focus on sectors such as consumer and enterprise solutions. Ghosh, the managing partner of OG Capital, aims to co-build companies and prioritize impact, sustainability, and gender diversity. He brings over a decade of experience to the fund, including investments with companies like Lenskart and BigBasket during his time at IFC.

Unicorn India Ventures closes Rs 1,200 crore fund to invest in deeptech, semiconductors and AI infra

IndianStartupNews

IndianStartupNews · 23d ago

Unicorn India Ventures closes Rs 1,200 crore fund to invest in deeptech, semiconductors and AI infra

Unicorn India Ventures has closed its third fund at Rs 1,200 crore, exceeding the initial target of Rs 1,000 crore. The deeptech-focused fund will invest in semiconductors, spacetech, and AI infrastructure, aiming to back around 20 startups with Rs 10-15 crore each. About 33% of the capital comes from international investors, and the fund sees increasing early-stage investments in deeptech as the ecosystem matures, particularly focusing on AI infrastructure and nuclear micro power generation.

Motilal Oswal Alternates closes fifth private equity fund at Rs 8,500 crore - The Economic Times

Economic Times

Economic Times · 11d ago

Motilal Oswal Alternates closes fifth private equity fund at Rs 8,500 crore - The Economic Times

Motilal Oswal Alternates closed its fifth private equity fund, India Business Excellence Fund V, with a record Rs 8,500 crore. Exceeding its Rs 6,500 crore target, the firm achieved this in under 10 months, fueled by global and domestic investor interest in India-focused mid-market deals. Noteworthy investors included Adams Street Partners, Schroders, and International Finance Corporation. The fund targets mid- to late-stage companies in sectors like consumer, financial services, and technology.

ASK Property Fund targets luxury housing projects with new fund

VCCircle

VCCircle · 1y ago

ASK Property Fund targets luxury housing projects with new fund

ASK Property Fund, part of Blackstone-backed ASK Group, has launched its first luxury real estate fund in collaboration with India Sotheby’s International Realty. This category-II alternative investment fund, registered with the Securities and Exchange Board of India, targets a corpus of Rs 1,000 crore with a Rs 500 crore greenshoe option. The fund aims to invest in luxury housing projects in Tier 1 cities and premium holiday destinations, capitalizing on India’s growing affluent market.

Premji Invest to lead another round in jewellery brand Giva

The Arc Web

The Arc Web · 1y ago

Giva is negotiating a Rs 200 crore investment from Premji Invest, valuing it at Rs 2,500-3,000 crore. The company, with Rs 25 crore monthly sales and a Rs 300 crore revenue run rate, operates at a negative 10% EBITDA, losing Rs 3-4 crore monthly. Its offline stores have a 90% higher average order value than online. Premji Invest, an existing investor, is pre-empting the latest funding round.

Exclusive: GIVA raising $12 Mn in extended Series C round

Entrackr

Entrackr · 8d ago

Exclusive: GIVA raising $12 Mn in extended Series C round

Omnichannel jewelry startup Giva is set to raise Rs 110 crore (around $12 million) in its Series C extension round led by HPV CC1 ltd, with the participation from Premji Invest, Kenro Capital, and Titan Capital. The fresh investment came nine months after GIVA raised Rs 530 crore ($61.5 million) in its Series C round led by Creaegis, with participation from Premji Invest, Epiq Capital, and Edelweiss Discovery Fund. The board at Giva passed a resolution to approve the issuance of 94,01,710 Series C1 CCPS at an issue price of Rs 117 each to raise the aforementioned sum, its regulatory filing accessed from RoC shows. HPV CC1 Ltd will lead the tranche with Rs 74.25 crore ($8.25 million), followed by Kenro Capital, which will invest primary capital of Rs 13.75 crore. Premji Invest via PI Opportunities Fund II and Titan Capital via Winners Fund will be injecting Rs 11 crore each. The company will use the proceeds for operational expenses, including hiring, marketing, and other general corporate purposes, as per filings. According to Entrackr’s estimates, the firm’s valuation will rise to around Rs 4,900 crore ($545 million), which represents a 22% increase from its previous valuation of about Rs 4,000 crore when it raised Rs 530 crore. Founded in 2019, Giva originally launched as an affordable jewelry brand, has expanded into gold jewelry and lab-grown diamonds. Led by Ishendra Agarwal, the company now operates around 150 physical stores across India, alongside its website and app, and has adopted a franchise-led model to further expand its reach. The Bengaluru-based firm has raised over $146 million to date, including its Rs 255 crore Series B round, which was a mix of primary and secondary transactions led by Premji Invest and Epiq Capital. For the fiscal year ended March 2025, the jewelry brand’s operating revenue jumped 89% to Rs 518 crore from Rs 274 crore in FY24. However, its losses also grew 22% to Rs 72 crore during the same period.

TVS Holdings to acquire 80.74% in Home Credit India

Inshorts · 1y ago

TVS Holdings to acquire 80.74% in Home Credit India

The Board of directors of TVS Holdings Limited have approved the acquisition of 80.74% equity stake in Home Credit India Finance Private Limited (HCIFPL) for Rs 554 crore, said a statement by the company. The remaining 19.26% equity stake will be purchased by Premji Invest and other associates.

Exclusive: KreditBee Subsidiary KB NBFC Raises $32 Mn In Debt Funding

Inc42 · 1y ago

Exclusive: KreditBee Subsidiary KB NBFC Raises $32 Mn In Debt Funding

KB NBFC has secured debt funding from Yubi, Dzerv, Neo Group, OfBusiness, SK Finance, and Oxyzo. As a lending partner of KreditBee, KB NBFC joins other partners such as Incred Finance, Vivriti Capital, Northern Arc, and Pay U Finance. KreditBee previously raised $9.4 million in its extended Series D funding round from Advent International, MUFG Bank, and Premji Invest.

Securis Finance bags NBFC licence from RBI

Economic Times

Economic Times · 11m ago

Securis Finance bags NBFC licence from RBI

Securis Finance, approved by the Reserve Bank of India as a non-banking financial company, aims to address credit access for teenagers by offering education loans between Rs 50,000 and Rs 5 lakh. Initially targeting major educational hubs on a pilot basis, the subsidiary of FirstPay Technologies plans to disburse Rs 100 crore in its first year and scale up to Rs 1,000 crore by 2030. Its AI-driven model evaluates academic performance and financial metrics.

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