Oister Global Rolls Out INR 440 Cr Fund To Back VC/PE Funds

SUMMARY

Oister said in a statement that OIPF will back 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

Founded by Rohit Bhayana and Sandeep Sinha, the fund claims to focus on fund managers with a strong track record across the investment cycle

According to India’s Startup Investor Landscape Report 2023 by Inc42, as of last year there were more than 2.5K PE and VC firms in the country which is expected to rise to 5K+ by 2030

Homegrown investment firm Oister Global has floated an INR 440 Cr fund to fuel emerging technology-led innovations and various sunrise sectors in the country.

The Oister India Pinnacle Fund (OIPF), with INR 190 Cr greenshoe option, will back 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, Oister said in a statement.

Rohit Bhayana, Co-CEO and cofounder of Oister, said, “Oister Global’s new fund is strategically designed to capitalize on India’s consumption-driven growth. Oister India Pinnacle Fund is a versatile blend of venture capital, growth equity, and private equity, enabling us to capture value across various stages of a company’s lifecycle.”

According to Bhayana, this will ensure strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India’s dynamic startup ecosystem. “Additionally, it allows us to reinforce success by providing follow-on capital to portfolio winners,” he added.

Founded by Bhayana and Sandeep Sinha, the fund claims to focus on fund managers with a strong track record across the investment cycle, including sourcing deals, adding value, and achieving successful exits.

In the next two years, Oister aims to inject INR4,500 Cr into India’s VC/PE ecosystem and plans to launch a private credit fund in the next quarter.

Meanwhile, another fund worth INR 50 Cr has been announced by Thyrocare founder Arokiaswamy Velumani in partnership with Young Entrepreneurs Association (YEA) and Magnifiq Capital Trust to back seed stage startups with considerable growth potential, and target entities with at least INR 5 Cr in turnover.

Recently, Capria Ventures announced the successful completion of fundraising for its India Opportunity Fund at INR 153 Cr. The first close of the fund was announced last year at INR 75 Cr.

According to India’s Startup Investor Landscape Report 2023 by Inc42, as of last year there were more than 2.5K PE and VC firms in the country which is expected to rise to 5K+ by 2030.