Endiya Partners’ First Fund ₹The early-stage venture capital firm said Wednesday that it had a return on investment of 175 million yuan when it announced the sale of some shares of human resources technology platform Darwinbox.
More specifically, Endiya said it constitutes a 4-fold multiple in invested capital, which includes both realised and unrealized values, and can view the performance of the fund more broadly.
The Hyderabad-based investor-backed enterprise, several product startups in the industrial technology and healthcare sectors, including fitness company Cult.Fit, cancer care company Karkinos and Fintech Fintecy company Grip Invest.
Earlier this month, Darwinbox received $140 million in funding in a funding tour led by Global Investment Company Partner Group and KKR.
The investment company said in a statement that Endiya hopes to sell its investment opportunities through digital lending platforms Kissht and Cult. Suitable for an IPO that plans to make an IPO within 12 months.
Among other portfolio companies in Endiya, Sigtuple’s AI-powered pathology platform recently received a global distribution license agreement with Horiba, a Japanese manufacturer of Precision Instruments.
“We remain committed to providing strategies to define categories of companies from India,” said Sateesh Andra, managing director of Endiya Partners. “Our ability to generate a variety of export pathways while maintaining investment discipline has enabled Endiya to distinguish Endiya in an early stage risk ecosystem.”
Endiya’s second fund invests in Darwinbox, Scrut Automation, Zluri, Eyestem, Sugarfit, Sugarfit, Qapita, Mylo, Mylo, Aquaexchange and Bluj Aerospace based on its Fund I basics.
Endiya’s third fund, backed by institutional partners including the World Bank Group International Finance Corporation and the Asian Infrastructure Investment Bank, has invested in Altiushub, Scepteryne, Pulse and Nivaan Care.
India received a revival in late funding last year, paving the way for several large fundraising rounds ahead of its initial public offering (IPO). 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.
