Equanimity Investments Rolls Out .5 Mn Fund To Back Tech Startups

Equanimity Investments Rolls Out $45.5 Mn Fund To Back Tech Startups

Equanimity exposed that the fund has now obtained commitments of extra than INR 200 Cr

The fund will majorly aim on startups running in segments—mobility, electric powered motor vehicles, artificial intelligence and blockchain

The second fund comprises 35{ed906f1bfc743ab77ee5075e027942f1cda4f21ffa4bfb00196296b172ab00c6} of the international LPs and the remaining share involves domestic investors akin to the previous fund

Mumbai-primarily based venture capital company, Equanimity Investments has initiated its second fund. For the similar, the VC has set a goal corpus of all over $45.5 Mn and a inexperienced shoe solution to raise an equal total.

The organization revealed that the fund has by now gained commitments of much more than INR 200 Cr. 

“Most of our current limited partners (LPs) have rolled into Fund II with a far higher volume,” Rajesh Sehgal, founder of Equanimity, told VC Circle.  

The fund will majorly focus on startups running in segments—mobility, electric vehicles, synthetic intelligence and blockchain. It is anticipated to mark the initially closure and start investing from April this calendar year. 

The company mentioned that it will go on to act as a business-targeted investor. It will further glance for alternatives in edtech, customer tech, fintech and other tech-enabled startups. 

Some of its LPs are Mark Mobius of Templeton Emerging Markets Group, and Vijay Advani, president of Nuveen, US. 

The second fund includes 35{ed906f1bfc743ab77ee5075e027942f1cda4f21ffa4bfb00196296b172ab00c6} of the world LPs and the remaining share consists of domestic traders akin to the previous fund. The LP Pool has also elevated for the two institutional as very well as retail buyers. 

In the preceding fund, Equanimity raised INR 125 Cr for its 1st fund in spite of a focus on corpus of INR 100 Cr.

“There is a clear transform in the character of LPs which is a reflection of the maturity of our ecosystem while we are continue to at the nascent stage,” Sehgal added. 

Investment thesis of the 2nd fund will remain in a comparable line with the previous fund. It strategies to infuse in progressive enterprise designs that would not interact in expense-intense R&D perform. 

It will even further infuse in businesses that adopt and leverage tech to create a sustainable and scalable company.  

Underneath the new fund, Equanimity Investments also ideas to make bets on money-economical corporations. 

The next fund ideas to have a portfolio of 15-20 corporations in spite of obtaining a larger corpus. Its preliminary ticket dimension will go up from INR 3 Cr to INR 6– INR 7 Cr. 

The to start with fund had given some investors about 2X returns and is presently recording an interior price of return of a minimal much more than 30{ed906f1bfc743ab77ee5075e027942f1cda4f21ffa4bfb00196296b172ab00c6} in Indian forex. 

Other than launching a 2nd fund, Equanimity Investments lately participated in RENEE Cosmetics’ Sequence A funding round. RENEE Cosmetics raised $10 Mn led by Ananth Narayanan’s D2C roll-up unicorn Mensa Brand names. 

Before in October 2021, Equanimity participated in solution supply startup Fraazo’s funding round. The startup lifted $50 Mn in a blend of equity and credit card debt from WestBridge, Sixth Sense Ventures, Equanimity Investments, Apar Group among other people.