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Former Reliance Jio executive raises $130 mn to back mid-market startups

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Former Reliance Jio executive raises $130 mn to back mid-market startups

Former Reliance Jio executive, Vikas Choudhury, has raised $130 million from domestic and foreign investors for his growth capital firm, Playbook Partners. The firm will invest in profitable, mid-market, tech-enabled Indian startups. Choudhury, who spent five years at Reliance Jio, aims to raise an additional $120 million. Playbook Partners will typically invest $10-20 million in growth-stage companies across various sectors including health-tech, SaaS, fintech, ecommerce, and supply chain. The firm will target companies with substantial revenue, demonstrated growth, and sustainable unit economics. Choudhury also stressed the importance of visionary founders and affordable products at scale in the Indian market.

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