India-based Private equity firm Jashvik Capital announces the first close of its maiden $350 million fund, which it launched in July this year. It plans to write $10 to $30 million worth of minority investment cheques for nearly 20 companies.
According to an official release, Jashvik Capital invests in profitable growth businesses in large addressable markets in the healthcare/pharma and consumer sectors in India. The firm seeks to partner with exceptional founders and help them accelerate growth and make their businesses resilient and future-ready, the release said.
“We are grateful for the trust and confidence our limited partners have placed in us. India presents an attractive option for investors globally. We are likely to be the fastest growing large economy for at least the medium term, if not longer.” Said Naresh Patwari Founder of Jashvik Capital.
He added, “If we are buying in the next 1-2 years, we will likely see margin expansion by the time we look to exit. Finally, as India’s PE continues to mature, the quality and depth of liquidity options will continue to improve on a strong baseline. It is an exciting time for Indian private equity,”.
Jashvik Capital is a SEBI (Securities and Exchange Board of India) and IFSCA-registered Category II alternative investment fund.
The firm invests in profitable growth businesses in large addressable markets in the healthcare/pharma and consumer sectors in India. It helps by partnering with exceptional founders, helping them accelerate growth and making their businesses resilient and future ready.
Earlier this month, Avataar Venture Partners announced the launch of Fund II, with a target size of $350 million. The VC fund said that it has made its first close with institutional investors from the US, Europe, and the Middle East.