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The fund can be backed by Indian household workplaces and market leaders like Paytm, Zomato, Browserstack, Livspace, PharmEasy, and VideoVerse who can even double-up as mentors for the fund’s portfolio firms. | Consultant picture
Former head of investments at Alibaba Group’s India enterprise Raghav Bahl and 9Unicorns ex-partner Soham Avlani on Thursday introduced the launch of PROMAFT Companions — a Rs 1,000-crore enterprise capital fund.
The sector-agnostic fund seeks to put money into firms which have confirmed distinctive ‘product-market-fit’. It plans to make 10-12 investments, with two-three investments in a yr.
“Rising with out product-market-fit is like driving quick within the fallacious course. And product-market-fit with out sustainable aggressive benefit does not create shareholder worth. We encourage our entrepreneurs to develop slowly, whereas investing within the core fundamentals of the enterprise.
“We plan to make two-three investments per yr. We’re backed by prudent traders, which provides our entrepreneurs the benefit to construct for the long run,” Bahl mentioned.
The fund can be backed by Indian household workplaces and market leaders like Paytm, Zomato, Browserstack, Livspace, PharmEasy, and VideoVerse who can even double-up as mentors for the fund’s portfolio firms.
“We consider that this classic encourages entrepreneurs to develop capital environment friendly companies whereas the absence of huge funds has resulted in valuations to sober down. We stay enthusiastic about this surroundings because it offers for a extremely enticing ‘risk-return profile’ for each traders and entrepreneurs,” mentioned Avlani.
Each Bahl and Avlani have been concerned in investing and managing giant portfolios, which incorporates manufacturers corresponding to Swiggy, Paytm, BigBasket, XpressBees, TaxiForSure, VideoVerse, and PharmEasy. Their portfolio has returned over USD 1 billion in worthwhile money exits from India.
(Solely the headline and film of this report might have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Jul 18 2024 | 11:41 PM IST
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