

Backed by strong macros, India is poised to become the world's third largest economy within the next 3 years
Fund Snapshot
| Fund Size | INR 1000Cr |
| Fund Tenure | 7 Years (with an option of 1+1 extension) |
| Investment Period | 2 Years post final close |
| Structure | SEBI registered Type II – AIF Delaware Feeder Fund for international LPs |
| LP Drawdown | In 4 equal tranches |
| Minimum Contribution | INR 1Cr. to individuals & 5Cr. for Institutions |
| First close | August’23, securing an initial sum of ~IN 225Cr. |
| Indicative IRR | INR – 40%; USD – 36% (gross) |
| Management Fee | 2% (1% in extension period) |
| Carried Interest | 20% |
| Hurdle Rate | 10% |
| Target final portfolio size | 20 |
| One time fees | Actual Expense, Maximum Upto 2% |
| Trustee | Vistra ITCL (India) Limited |
| Tax Advisor | B. D. Jokhakar & Co |
| Legal | Pier Counsel |
| Custodian | ICICI Bank limited/td> |
| Auditors | BDO (M S K A & Associates)/td> |
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About Fund Manager

MR. Anil Joshi
Pioneer in Indian angel investments: led MumbaiAngels & Bangalore Angels
Closed over 100 venture deals & served onthe boards of 6 companies
Actively mentors startupsand advises governmental bodies on entrepreneurship
Memberof the IVCA’s VC Council (2022-2026)

MR. Bhaskar Majumdar
Seasoned investorand entrepreneur with over 30 start-up investments valued at $3Bn + acrossIndia and the UK
Founded Recreate Solutions in 2000, successfully scaled & exited the company
Expertisein supporting early-stage businesseswith scaling and international expansion
Spent 25+ years outsideIndia in business leadership roles across Asia,Europe& USA
Investment Thesis
Investment will be based on 3 pillars for obtaining unparalleled returns from India’s growth
India For India
India For The World
Make In India
Investment Approach
Early access to promising companies across India to ensure a valuation conscious deal structuring
We investat Early signs of Product Market Fit (PMF)
We are First institutional investors
We focus on Tier II & III cities Underexposed markets
Fund Overview
However, realized gains remain low, underscoring the need for timely exits at favorable valuations to ensure ROI & liquidity for the investors.
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