Jashvik Capital reports first close of its maiden $350M fund
- ByStartupStory | October 28, 2022
Growth private equity (PE) company Jashvik Capital, based in India, has announced the first close of its first $350 million fund, which it established in July of this year.
Jashvik Capital’s founder, Naresh Patwari, said, “We are appreciative of the faith and confidence our limited partners have shown in us. An appealing alternative for international investors in India. For at least the next few years, if not longer, we are most likely to have the fastest-expanding large economy.
In India’s healthcare/pharmaceutical and consumer sectors, Jashvik Capital invests in profitable growth companies in significant addressable markets. According to the press release, the company wants to work with exceptional founders to accelerate their growth and make their companies resilient and future-ready.
The policy foundation is solid and keeps getting better, in Naresh’s opinion. Businesses are prepared to invest in expansion because they are optimistic about the future. “By the time we look to exit, if we are buying in the next two years, we probably will see margin expansion. The quality and depth of liquidity choices will also continue to rise from a solid basis as India’s PE develops. The future of Indian private equity is promising, he remarked.
According to Naresh, India is home to a sizable number of small and medium-sized firms that are durable, successful, and growing. We have the chance to invest in these companies, strengthen them, and scale them significantly, he said.
Jashvik Capital is a Category II alternative investment fund that is registered with both IFSCA and SEBI (Securities and Exchange Board of India).
Avataar Venture Partners, a venture capital firm that invests in SaaS and B2B firms, recently announced the opening of Fund II, with a $350 million target size. The venture capital firm said that it had made its first closure with Middle Eastern, European, and American institutional investors.
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