5 Minutes Read
Oister Global launches ₹440 crore fund to boost India’s VC/PE ecosystem
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
The ₹440 crore fund, which includes a ₹190 crore greenshoe option, aims to invest in fund houses across early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds.
Investment firm Oister Global, on Monday, initiated investments worth ₹440 crore through its Oister India Pinnacle Fund (OIPF) to fuel emerging technology-led innovations and various sunrise sectors in the country.
The ₹440 crore fund, which includes a ₹190 crore greenshoe option, aims to invest in fund houses across early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds.
Oister Global is a Gurugram-based investment firm that invests in top-tier alternative asset investment vehicles and aims to invest in a curated selection of top-tier alternative funds in the country.
Rohit Bhayana, Co-CEO and Co-Founder of Oister Global, in a company statement, said, “Oister India Pinnacle Fund is a versatile blend of venture capital, growth equity and private equity, enabling us to capture value across various stages of a company’s lifecycle. This approach ensures strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India’s dynamic startup ecosystem.”
Also Read: Elon Musk is not the only one pouring more money on electric cars
Bhayana has a rich history of leadership roles. Before Oister Global, he co-founded Lumis Partners in September 2006 and continues to be a managing partner there. Before his entrepreneurial journey, Bhayana spent over 8 years at General Electric.
He held various positions there, starting as a Program Manager in 1998, then as a Senior Director of Global Outsourcing from February 2000 and finally as CEO of General Electric’s Software Solutions from November 2002 to August 2006.
The goal of the Oister India Pinnacle Fund (OIPF) is to support both established consumption-driven sectors and emerging technology-led innovative sectors, the statement said.
As India’s economy diversifies and per capita incomes increase, the expanding consumption sector presents new investment opportunities, it added. With disposable incomes growing at 8% in FY24 and 13.3% the previous year, India’s burgeoning middle class is driving the consumption landscape. Coupled with advancements in deep tech and climate tech, this growth offers opportunities for AIFs to invest in innovative brands catering to evolving consumer preferences.
Oister Global claims that since its inception, it has aimed to identify and back top-tier fund managers with attributable track records. Oister’s former investments include marquee funds like Blume Ventures and Stride Ventures.
Oister Global plans to inject ₹4,500 crores into India’s VC/PE ecosystem over the next two years and launch a private credit fund in the next quarter.
Also Read: Maruti Suzuki will have to offer more discounts, says analyst after Q4 results miss estimates
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
