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Quadria, PremjiInvest-backed firms move a step closer to public float

VCCircle

VCCircle · 1y ago

Quadria, PremjiInvest-backed firms move a step closer to public float

Akums Drugs & Pharmaceuticals and Gold Plus, backed by Quadria and PremjiInvest respectively, have received approval from SEBI to proceed with their plans for a public listing. Akums Drugs aims to raise Rs 680 crore through a fresh issue in its IPO, while Gold Plus plans to raise Rs 500 crore. Both companies have also announced offers for sale by their promoters and investors. Akums Drugs is a pharmaceutical contract development and manufacturing organization (CDMO), while Gold Plus is one of India's largest float glass manufacturers.

Related News

PremjiInvest eyes controlling stake in packaging firm

VCCircle

VCCircle · 8m ago

PremjiInvest eyes controlling stake in packaging firm

PremjiInvest, the family office of Wipro founder chairman Azim Premji, is reportedly seeking a controlling stake in a packaging firm. This move comes as alternative investment firms show renewed interest in the sector. PremjiInvest recently announced an investment in a technology startup and is now expanding its focus to the packaging industry.

Advent, TPG-backed KreditBee appoints lead bankers for IPO

VCCircle

VCCircle · 3m ago

Advent, TPG-backed KreditBee appoints lead bankers for IPO

KreditBee, a lending startup supported by firms like Advent, TPG, and PremjiInvest, has appointed lead bankers for a potential initial public offering (IPO). The move to explore going public signifies KreditBee's growth and strong backing from significant investors, including Motilal Oswal Alternates, Mirae Asset, and ICICI Bank. The decision comes amid the growing interest in financial technologies and digital lending platforms, making KreditBee one of the notable contenders in the IPO market.

Ex-PremjiInvest partners team up with Malacca Ventures’ exec to float PE firm

VCCircle

VCCircle · 1y ago

Ex-PremjiInvest partners team up with Malacca Ventures’ exec to float PE firm

Atul Gupta and Rajesh Ramaiah, former executives of PremjiInvest, have partnered with a former investment executive of Malacca Ventures to launch their own private equity firm. The firm aims to invest in growth-stage companies across various sectors in India. Gupta and Ramaiah bring with them their experience from PremjiInvest, the family office of Azim Premji, the founder chairman of Wipro Ltd. The new venture, Trident Growth Partners, will focus on supporting and scaling Indian businesses.

Kedaara, Quadria in talks to pick up stake in botanical extracts maker

VCCircle

VCCircle · 12m ago

Kedaara, Quadria in talks to pick up stake in botanical extracts maker

Private equity firms Kedaara Capital and Quadria Capital are reportedly in discussions to acquire a minority stake in a botanical extracts company. Kedaara recently closed its fourth and largest fund, while Quadria is known for its investments in healthcare. The deal, if successful, would allow the firms to tap into the growing demand for natural and plant-based products in various industries.

PremjiInvest-backed Giva eyes fresh fundraise, in talks with large PE firms

VCCircle

VCCircle · 6m ago

PremjiInvest-backed Giva eyes fresh fundraise, in talks with large PE firms

Giva, a silver and gold jewelry retailer backed by PremjiInvest, is planning a new equity funding round. The Bengaluru-based IndieJewel Fashions Pvt. Ltd, which operates Giva, is engaging in discussions with multiple private equity firms. Already bolstered by investments from various private equity and venture capital firms, Giva aims to further its growth and expansion through this fresh financial boost, according to three sources familiar with the matter.

PremjiInvest-backed iD Fresh Food cooks up expansion plan enroute IPO

VCCircle

VCCircle · 8m ago

PremjiInvest-backed iD Fresh Food cooks up expansion plan enroute IPO

Ready-to-cook packaged food brand iD Fresh Food is planning to expand its manufacturing capacity in India and internationally over the next few years before it goes public. The company, which is backed by Azim Premji's investment firm PremjiInvest, aims to increase its production capabilities before preparing for an initial public offering (IPO).

Shubham Housing gears up for fresh PE fundraise to boost capitalisation

VCCircle

VCCircle · 9m ago

Shubham Housing gears up for fresh PE fundraise to boost capitalisation

Shubham Housing Development Finance, backed by PremjiInvest, is raising new equity capital to strengthen its financial position. The company is considering bringing in a new private equity player through a mix of primary and secondary capital. This move aims to boost Shubham Housing's capitalisation and support its growth plans.

Quadria Group launches HealthQuad Fund III with $300 Mn corpus

Entrackr

Entrackr · 1m ago

Quadria Group launches HealthQuad Fund III with $300 Mn corpus

Quadria Group, a healthcare-focused private equity platform, has announced the launch of HealthQuad Fund III with a proposed raise of up to $300 million (target corpus of $200 million and a $100 million greenshoe option). As the successor to Funds I and II, the third fund aims to build on a proven track record of identifying and scaling pioneering healthcare ventures that have significantly expanded access, affordability, and quality of care across India. The launch aligns with Quadria’s long-term vision of creating India’s most integrated healthcare investment platform, offering capital solutions from early-stage innovation to scaled growth across the healthcare value chain. Launched in 2016, HealthQuad was initiated as a distinct investment vehicle focused on supporting disruptive, tech-enabled healthcare models at the early-growth stage. Funds I and II backed over 18 companies, including Qure.ai, Medikabazaar, THB, Wysa, Ekincare, Redcliffe Labs, GoApptiv, and Strand Life Sciences. With Fund III, Quadria takes a step toward establishing a broader healthcare investment franchise. Dr. Amit Varma, Abrar Mir, and Sunil Thakur will assume full ownership and control of the platform following its separation from KOIS. A significant portion of the existing investment and committee team will remain involved in managing current portfolio investments. Quadria intends to leverage its global and domestic institutional investor network to support the fund and create scaled impact. The firm recently closed Quadria Capital Fund III at $1.07 billion, backed by leading global institutions. Founded in 2012, Quadria Capital manages over $4 billion in assets across 27 investments in South and Southeast Asia, including India, Vietnam, Indonesia, Malaysia, and Singapore. The firm aims to generate sustainable value by partnering with high-impact healthcare businesses and delivering strong investor returns.

Quadria Capital to complete returning Fund 1 by year end

Livemint

Livemint · 1y ago

Quadria Capital to complete returning Fund 1 by year end

Quadria Capital is in the process of completely returning the fund raised in its inaugural fund. The target corpus of the fund was $300 million, but it eventually invested $450 million. The managing partner, Amit Varma, stated that the fund aims to exit the remaining assets by the end of the year, tracking a net asset value (NAV) closer to 2.9x cash-on-cash. Quadria Capital has also completed deployment of its second fund, with a NAV of 1.8x cash-on-cash. The firm is raising its third fund with a target of $800 million to $1 billion, expecting to secure 50-60% of the capital soon.

PremjiInvest sets course for nearly $200 mn exit with a multi-bagger

VCCircle

VCCircle · 1y ago

PremjiInvest sets course for nearly $200 mn exit with a multi-bagger

PremjiInvest, the family office of Wipro’s Azim Premji, is preparing to exit a multi-bagger investment and reportedly garnering nearly $200 million in returns. The investment firm, known for its involvement in venture capital and growth stage opportunities, backed the successful new-age company almost a decade ago. This move highlights PremjiInvest's ability to identify and capitalize on promising investment opportunities.

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