Consumer Sector-focused Fund: Venturi Partners raises about $175 million
- ByStartupStory | April 26, 2022
A consumer sector-focused fund, Venturi Partners, that aims to invest in India and Southeast Asia, has raised about $175 million towards the final close of its maiden fund.
The Singapore-based fund’s anchor investors include a Peugeot family investment vehicle, Peugeot Invest; a diversified group, Ackermans & Van Haaren; a holding company set up by Frédéric de Mévius, founder of Verlinvest and Planet First Partners, Generation P; and a former executive director at Verlinvest and cofounder of Planet First, Alexander de Wit.
The investment platform founded by Cator, with an online or offline presence in sectors ranging from FMCG to education and healthcare services, will look to back high-growth Asian consumer companies.
With cheques of $15-40 million each, the fund will back 7-8 companies. “Given the operator experience we all bring to the table, a narrow portfolio allows us more time to work with the portfolio companies,” Cator said.
In subsequent funding rounds it will support portfolio companies and a co-investment option is offered to its investors.
Around 30% of the new fund in three deals — in Livspace, Believe Pte and another venture has already been deployed that Cator said would be announced soon.
From investors to back emerging businesses from the region, a lot of fund managers with a focus on India and the subcontinent have raised capital. Funds such as Sequoia Capital India, Jungle Ventures, Accel India, Lightspeed Venture Partners, and Vertex Ventures have recently raised or are in the process of raising large pools of capital in order to invest in India and Southeast Asia.
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