Oister Global Launches Rs 440 Cr Fund to Boost Tech and Emerging Sectors in India

• ByStartupStory     |    April 29, 2024

In a significant move to support innovation and growth in India’s technology landscape, investment firm Oister Global announced the launch of a new Rs 440-crore fund dedicated to the country’s technology-led and consumption-driven sectors. The Oister India Pinnacle Fund (OIPF) is set to play a pivotal role in nurturing early to late-stage companies across diverse industries.

The fund, which includes a Rs 190-crore greenshoe option, aims to make strategic investments in venture capital and private equity funds focusing on various stages of business development, ranging from pre-Series A to Series D and beyond. By investing in fund houses, OIPF will indirectly support a wide range of companies and innovations poised for significant growth.

“Oister’s Rs 440-crore fund (including Rs 190-crore greenshoe option) targets investments in fund houses across early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds,” stated the company.

Highlighting the strategy behind the fund, Oister Global’s co-CEO and co-founder, Rohit Bhayana, emphasized its broad scope and strategic focus. “The fund is a versatile blend of venture capital, growth equity, and private equity,” Bhayana said. He further noted, “Oister Global’s new fund is strategically designed to capitalise on India’s consumption-driven growth.”

Oister Global has an ambitious roadmap for the upcoming years, aiming to inject a substantial Rs 4,500 crore into the Indian VC/PE ecosystem. Additionally, the firm is preparing to launch a private credit fund in the next quarter, expanding its suite of financial products designed to support Indian enterprises at various growth stages.

The new fund follows Oister’s history of impactful investments, including significant commitments to prominent funds such as Blume Ventures and Stride Ventures. This pattern of strategic funding underscores Oister’s commitment to fostering innovation and supporting scalable business models in the burgeoning Indian market.

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