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VC firm Z47 eyes $150-180 million from portfolio companies stake sale

Economic TimesEconomic Times ยท 9m ago
VC firm Z47 eyes $150-180 million from portfolio companies stake sale
Medial

- Venture capital fund Z47 is planning to sell some of its stakes in portfolio companies, including Ola, OfBusiness, Razorpay, and Dailyhunt, which could fetch around $150-180 million. - Z47 is exploring the option of a portfolio sale transaction as the demand for secondaries has been increasing among late-stage companies. - The move comes after Matrix Partners India rebranded itself as Z47 and split from its US partnership. - Z47 had recently closed its latest Fund IV at $550 million and may consider raising a new fund next year. - In recent years, there has been a significant increase in private secondary market transactions, driven by the need for venture funds to demonstrate better distributed to paid-in capital (DPI). - With liquidity pressures impacting the Indian VC industry, secondary portfolio sales are being explored as a means to distribute cash to limited partners (LPs) or sponsors in funds.

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VC Lumikai eyes 10-12 deals via India Fund-II

Economic TimesEconomic Times ยท 1y ago
VC Lumikai eyes 10-12 deals via India Fund-II
Medial

Lumikai, a gaming and interactive media venture capital firm, plans to make 10-12 investments in pre-seed and Series A companies from its $50 million India fund II. The firm currently has $58 million in assets under management from 15 portfolio companies, with over 70% of them generating revenue. Lumikai is focused on interactive media sub-sectors, including content, platforms, tools and technology infrastructure, and systems of play. The Indian gaming industry has seen increased interest from various investors, leading to a surge in game development studios and the return of experienced talent. However, Lumikai sees limited potential in real money gaming and has adjusted its growth forecast for the sector.

Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report

EntrackrEntrackr ยท 1m ago
Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report
Medial

Inflexor Ventures eyes first close of $150 Mn Fund III by Q2 FY26: Report Early-stage venture capital firm Inflexor Ventures is targeting the first close of its $150 million (Rs 1,250 crore) Fund III by the end of Q2 FY26. As per the ET report, the new fund will focus on emerging sectors such as healthcare devices, EV battery tech, and foundational large language models (LLMs), reflecting a pivot toward less crowded, high-tech verticals. Fund III will invest in 25โ€“27 startups, largely at the pre-Series A to Series A stage, with average cheque sizes of $2.5โ€“3 million for a ~15% stake. The firmโ€™s current portfolio includes Atomberg, Bellatrix Aerospace, CredFlow, and Bioprime Agrisolutions. With this fund, Inflexor expects its total portfolio to cross 50 startups. Inflexor also announced the closure of its Rs 350 crore Opportunities Fund through the acquisition of its first fundโ€™s portfolio (Parampara Capital), led by HDFC Asset Management Co., providing early liquidity to initial investors. Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures has over $120 million AUM and has backed over 25 startups across deeptech, spacetech, cybersecurity, AI, and consumer tech.

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