India SME Investments

The firm values strong product-market fit, differentiated business models, scalability, and capital efficiency. The firm's core focus is on companies that are already profitable or on the cusp of breaking even. The firm is typically the first institutional investor in a business. With a cheque size of USD 5 to 15 million, the firm generally leads equity rounds. The firm's approach adapts based on maturity of the business. The firm is sector agnostic and focuses on sectors linked to domestic consumption - consumer, retail, manufacturing, healthcare, financial inclusion among others. Through the firm's active engagement with the sponsors, the firm influences cultural change in the businesses driving institutionalization, professionalism and consequently unlocking equity value.