Venture capital fund Endiya Partners is gearing up to launch its third fund, aiming for a corpus between Rs 800 crore and Rs 1,000 crore ($100 million and $125 million). The fund currently manages $100 million.
Endiya’s first fund of $40 million delivered a distributed paid-in (DPI) capital return of over 90% to its Limited Partners (LPs). DPI measures the amount of invested principal returned to LPs through exits, excluding any carried interest earned by the venture capital firm.
The upcoming fund will follow the same investment thesis as its predecessors and is expected to start deploying capital in the next three to four months.
Established in 2015, Endiya Partners focuses on investing in companies operating in sectors such as deep tech, fabless semiconductors, edge artificial intelligence & mobility, SaaS, healthcare, digital health, and life sciences.
The fund plans to invest in approximately 18-20 companies, allocating around 30-40% of the fund for new investments, 20-30% for Series A investments in existing portfolio companies, and about 30% for select Series B investments.
Endiya Partners has previously invested in companies like Darwinbox, Kissht, SigTuple, Zluri, Qapita, Eyestem, Grip Invest, Myelin Foundry, and BluJAerospace.
