PE Firm Xponentia looks to invest up to INR 100 Cr in 8-10 startups through its second fund, According to a report, under the second fund. The PE Firm has completed the first closure of its second fund, Xponentia Opportunities Fund 2 after securing INR 365 Cr from limited partners (LPs).
The firm is planning to raise an additional INR 750 Cr for the final closure of the fund. It is anticipated to close the fund before December this year.
With a successful track record of investing over $1billion of capital, Xponentia’s Founders have a long and successful history in the Indian market for over three decades, and previously led the investment teams of The Carlyle Group and Citigroup Venture Capital International (CVCI) & HSBC Private Equity
Xponentia Opportunities Fund to target Finance, Healthcare, Consumer and B2B Startups
Founded by PR Srinivasan and Devinjit Singh, the Mumbai-based private equity company invests in startups that work in finance, healthcare, consumer and B2B sectors. Other criteria that it follows while shortlisting startups for investment includes analysing the business models, checking if these companies can make INR 30-35 Cr in EBITDA (earnings before interest, tax, depreciation, and amortisation) among others.
This year, Xponentia Capital reportedly participated in a $40 Mn funding round of electric vehicle manufacturer Altigreen along with Sixth Sense Ventures, Accurant International, Momentum Venture Capital and Reliance Industries Ltd.
In 2021, the PE company infused nearly $5 Mn in the babycare product startup, R for Rabbit and also led a Series A funding round of fintech startup Easy.
During the same time period, Xponentia reportedly closed its first fund at INR 400 Cr. In the first fund, it backed about eight startups.
Some of its portfolio companies include Flight Simulation Technique Centre, Barbeque Nation, R4Rabbit, Easy Home Finance, Medsource and Altigreen. Limited partners or investors that have backed the fund are Indian corporates, HNIs and family offices.
