Venturi Partners, an investor in India and Southeast Asia in growth phase, has launched its second fund with a target of $225-250 million. The Singapore-based company supports many consumer companies in India, including Country Deligh, Livspace, K-12 Techno and Pickup Coffee.
Its second fund will target high-growth areas such as retail, education, healthcare and fast-growing consumer goods (FMCG), and continues to focus on India and Southeast Asia.
The company said in a statement Wednesday that Ventuli aims to raise $130 million in the July-September quarter, thanks to strong support from its existing investors.
Venturi raised $180 million from prominent families in Europe and Asia in April 2022 for its first fund. Through the fund, Venturi has so far invested in seven consumer companies in areas including education, food and beverage, beauty and personal care, retail and home interiors.
“We have taken an active ownership approach with portfolio companies, working closely with founders to help unleash growth and expand their business,” said Nicholas Cator, founder of Venturi Partners.
Last May, Venturi acquired a 5.12% stake in Bangalore-based Edtech startup K12 Techno Services Pvt. Navneet Education Ltd’s Limited ₹$22.5 billion ($27 million).
In 2022, Gurugram-based milk and grocery platform Country Delight received $108 million in the Series D fundraising round led by Venturi and Singapore’s state-owned investment firm Temasek.
Last month, Venturi invested $25 million in JQR (fast run) and acquired an undisclosed minority stake in an affordable footwear company.
Last year, India’s late-stage funding revival paved the way for several large fundraising rounds ahead of its initial public offering. This trend may continue in the near term as more commodity companies prepare for a trend of public disclosure, Mint reported in December.
Even last year’s Mid-Market transactions saw reasonable growth last year, while seeds and early stage transactions stuttered, according to Market Intelligence Platform Tracxn.
