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Kotak Investment Advisors' pre-IPO fund raises Rs.2,000-Cr
Kotak Investment Advisors has closed its Kotak pre-IPO Opportunities Fund, raising INR 2,000 crore. The fund will invest in a range of late-stage new-age businesses with a strong moat of technology. The investors in the fund include family offices such as Catamaran, the family office of NR Narayana Murthy and Skywalker, the family office of Rubamin group. The fund will target high-quality companies across sectors, with a technology focus, robust unit economics, scalable business models and exit visibility. The Kotak Pre-IPO Opportunities Fund has already made investments worth INR 653 crore in five deals and has another INR 405 crore worth deals in various stages of evaluation and execution. Some of the investments made so far include API Holdings, the parent company of PharmEasy; Pine Labs; Mobile Premier League; PB Fintech (Policy Bazaar) and FSN Ecommerce (Nykaa).
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.