Kotak Pre-IPO Opportunities Fund, an alternative investment fund (AIF) that invests in late-stage new-age businesses with a strong moat of technology, has raised Rs 2,000 crore and closed its maiden offering.
The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution.
Some of the investments made so far by the fund include API Holdings, the parent company of PharmEasy, Pine Labs, Mobile Premier League, PB Fintech (Policy Bazaar) and FSN Ecommerce (Nykaa).
“Kotak Pre-IPO Opportunities Fund enables our investors to participate in this growth story as these companies become part of public markets over time,” Srini Sriniwasan, Managing Director, Kotak Investment Advisors Limited said.
The investors in the fund include several family offices such as Catamaran, the family office of Narayana Murthy and Skywalker, the family office of Rubamin group.
Disclosure: Entities controlled by the Kotak family have a significant holding in Business Standard Pvt Ltd
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.