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Green Portfolio sets Rs 300 Cr target with new fund

EntrackrEntrackr · 4m ago
Green Portfolio sets Rs 300 Cr target with new fund
Medial

Green Portfolio, a portfolio management service provider, has announced the launch of its Category III Alternative Investment Fund (AIF) with a target of Rs 300 crore and claims to have secured over 50% of its commitments from existing and potential investors. Green Portfolio’s entry into India’s AIF industry aligns with this trend, offering investors a structured approach to accessing both listed and unlisted markets. By leveraging the flexibility of a Category III AIF, it seeks to provide its investors with diversified, high-growth opportunities in India’s dynamic financial markets. The firm aims to identify promising opportunities early on, allowing it to offer clients unique investment avenues alongside its PMS offerings. It intends to scale AIF assets to Rs 1,000 crore over the next few years while remaining committed to delivering reliable and sustainable returns. Green Portfolio states that the fund provides flexibility to invest in promising businesses through various channels, including preferential allotments, private placements, and secondary opportunities. It aspires to grow its AIF offerings while ensuring that its careful approach to risk leads to steady, sustainable growth for investors. The fund will allocate 70–80% of its capital to listed equities, with a focus on small-, mid-, and micro-cap stocks, while 20–30% will be invested in pre-IPO and private market opportunities. It will also consider preferential allotments, private placements, secondary opportunities, and investments in SME companies. The fund is sector-agnostic and aims to capitalize on India’s growth by identifying value- and growth-driven investments.

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Alteria Capital announces final close of Fund III at Rs 1,550 Cr

EntrackrEntrackr · 1y ago
Alteria Capital announces final close of Fund III at Rs 1,550 Cr
Medial

Mumbai-headquartered venture debt firm Alteria Capital has announced the final close of its third fund at Rs 1,550 crore (approximately $187 million). The fund was oversubscribed with a target size of Rs 1,000 crore and a green shoe option. Alteria Capital, which has backed startups such as Rebel Foods, BlueStone, OneCard, Ather and Captain Fresh, will continue backing startups across consumer brands, e-commerce, fintech, logistics, business-to-business platforms, rural and agritech, healthcare, and climate tech. It will also evaluate companies in the Gen AI and spacetech segments. While it closed the venture debt scheme at Rs 1,550 crore, the shorter duration scheme, currently under subscription, is expected to raise around $105 million. The shorter duration scheme is likely to see its final close by the end of 2024. It will be available to all portfolio companies with the average cheque size ranging between Rs 3 crore and Rs 100 crore. The fund has already deployed 50% of the total capital commitments to portfolio companies, including OneCard, Renee Cosmetics, Samunnati, Blissclub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.

Trade Spotlight: How should you trade TCS, SBI Life, India Cements, Tata Consumer, Canara Bank, and others on Friday?

Money ControlMoney Control · 1y ago
Trade Spotlight: How should you trade TCS, SBI Life, India Cements, Tata Consumer, Canara Bank, and others on Friday?
Medial

The Nifty 50 reached a new closing high, and market experts have shared their top buy ideas for the near term. Amol Athawale from Kotak Securities recommends buying Canara Bank with a target of Rs 125, DLF with a target of Rs 905, and Bata India with a target of Rs 1,640. Mandar Bhojane from Choice Broking suggests buying Tata Consultancy Services with a target of Rs 4,600, Cholamandalam Investment and Finance with a target of Rs 1,600, and Bajaj Finserv with a target of Rs 1,740. Chandan Taparia from Motilal Oswal Financial Services advises buying Tata Consumer Products with a target of Rs 1,250 and Oil and Natural Gas Corporation with a target of Rs 350. Finally, Drumil Vithlani from Bonanza Portfolio recommends buying Bajaj Consumer Care with a target of Rs 300, India Cements with a target of Rs 370, SBI Life Insurance Company with a target of Rs 1,715, and Finolex Industries with a target of Rs 355.

LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr

EntrackrEntrackr · 10m ago
LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr
Medial

LC Nueva Investment Partners has launched the LC Nueva Momentum Fund, aiming for a target corpus of Rs 150 crore (approximately $18 million) with an additional greenshoe option of Rs 100 crore (around $12 million). This follows the successful closure of its maiden fund at Rs 350 crore, which has reported that half of its portfolio companies secured further rounds of funding, achieving an impressive nearly 57% compounded annual growth rate (CAGR) in average revenues. The new fund will support 10-15 high-growth startups in Series A and B rounds, focusing on “winners” from its previous fund and secondary market opportunities. LC Nueva Investment Partners, a collaboration between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, aims to invest in companies that have shown improved operating performance and are considered high-conviction investments. The Momentum Fund’s strategy emphasizes identifying high-potential investments to deliver exceptional returns by leveraging strong relationships from its previous fund and actively pursuing secondary opportunities. In the broader venture capital landscape, early-stage firm Capital A has launched its Fund II with a target of Rs 400 crore, while z21 Ventures recently achieved the first close of its $40 million Fund II at $20 million.

Sauce.VC floats third VC fund with target corpus of Rs 250 Cr

EntrackrEntrackr · 1y ago
Sauce.VC floats third VC fund with target corpus of Rs 250 Cr
Medial

Consumer-focused early-stage venture capital firm Sauce VC has launched its third fund with a target to raise Rs 250 crore, according to an ET report. Sauce.VC had received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund. The New Delhi-based firm invests in new-age consumer brands and platforms at a pre-revenue or idea stage. To date, it has invested in 21 companies from its two separate funds that were launched in 2019 and 2021. Sauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore. It launched its second vehicle in 2021 with a fund size of Rs 158 crore. Its latest Sauce Continuity Fund was closed with a corpus of Rs 263 crore. It has already invested in XYXX, The Whole Truth Foods, Mokobara, Innovist, and Supertails from the continuity fund, and has plans to add oral care brand Perfora, ice cream brand Hocco and energy drink Rockit to the list of top-ups.

Physis Capital crosses Rs 200 Cr in funding

EntrackrEntrackr · 1m ago
Physis Capital crosses Rs 200 Cr in funding
Medial

Physis Capital crosses Rs 200 Cr in funding Physis Capital, the growth-stage venture fund launched by Vinay Bansal, Ankur Mittal, and Mitesh Shah of Inflection Point Ventures, has raised over Rs 200 crore ($23 million) in its ongoing fundraise. According to the company, the final close is expected within the next 6 to 9 months. The fund focuses on tech-driven startups from Pre-Series A to Series B and aims to build a concentrated portfolio of 15–20 companies. It will invest $1–1.5 million initially, with follow-on cheques of $1–4 million for high-performing portfolio companies. Physis Capital has already backed three startups Ben & Gaws, CTPL, and STAGE and has 8 more deals in the pipeline, with 3–4 expected to close in the next two quarters. The fund has seen participation from leading institutions and family offices including SUD Life, Haldiram’s Family Office, Lotus Holdings, and Narayana Nethralaya. “With strong support from marquee investors and a clear focus on founder-first investing, Physis Capital is well-positioned to back the next wave of high-impact startups in India. We are on track to build a portfolio of over 15 companies by the first half of next year,” said Vinay Bansal, General Partner, Physis Capital. In March 2022, angel investment platform Inflection Point Ventures (IPV) had announced the launch of its $50 million new fund Physis Capital with a green shoe option of another $25 million. Later in May 2023, Physis Capital announced its first close of CAT II $50 million fund.

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