Synopsis
Venturi Partners has announced the first close of its second fund at $150 million, aiming for a total of $225 million within 12 months. The Singapore-based firm will invest in high-growth consumer companies across India and Southeast Asia, focusing on category creators, disrupters, and unorganised-to-organised-market transitions in Series B-D stages.
Consumer sector-focused venture capital firm Venturi Partners has announced the first close of its second fund at $150 million. The total value of the fund is $225 million, which the firm plans to close in the next 12 months.
The investment cheque sizes will be between $15 million and $40 million in 10 companies, across high-growth consumer sectors over five years. The firm aims to make two investments a year.
“The consumer sector is not limited to food and beverages for us. It is every sector in which the consumer is spending their share of wallet,” said Rishika Chandan, managing partner of Venturi Partners, in a conversation with ET.
“We are looking at companies that are going from the unorganised to organised space. We are also looking at category creators like Livspace or Country Delight. Finally, we will also be investing in category disrupters,” she added.
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The Singapore-based company invests in series B-D stage consumer companies across India and Southeast Asia. Series B-D companies are those that have achieved their product-market fit and are seeking funds to accelerate growth and scale operations.
“We will be investing in the retail business model in Southeast Asia ranging from pet care, apparel, fashion, education, quick service restaurants (QSR), hospitality and more,” said Chandan. “We are already close to finalising our first investment of our fund II.”
Founded in 2020, Venturi Partners closed its maiden fund at $180 million in June 2022. The first fund’s portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, Dali, K-12 Techno Services, and JQR.
“Amidst the global volatility, India is starting to look like a safe market because it is driven by domestic consumption. More money is coming into the market, and because of the public market, investors are believing in the exit story as well,” said Chandan.
Last week ET reported that venture capital firm Elevation Capital, which has backed the likes of Paytm, Swiggy, Meesho and Urban Company, announced a new $400 million late-stage fund. The fund will take long-term bets on companies that it believes will create value in public markets.
The move comes amid a fundamental reset in Indian venture capital as large pools of private growth capital have dried up, forcing startups to increasingly look to the public markets for scale and liquidity.
Source: www.economictimes.indiatimes.com