Endiya Partners, a venture capital firm, plans to open its third fund with a corpus of between Rs 800 crore and Rs 1,000 crore, or between $125 million and $100 million. The fund is managed with $100 million in assets.
Over 90% of the $40 million company’s initial fund’s distributed paid-in (DPI) capital return was returned to its limited partners. This metric calculates the amount of invested principal that exits venture capital firms have returned to limited partners (LPs), minus any carried interest they may have earned.
Endiya states that the funds will be deployed within the next three to four months, adhering to the same investment thesis as its first and second funds.
Endiya Partners was established in 2015 and makes investments in businesses that are involved in deep tech, fabless semiconductors, edge artificial intelligence & mobility, SaaS, digital health, and life sciences.
The fund will make investments in roughly 18–20 businesses. The Hyderabad-based company states that it allocates its funds as follows: twenty to thirty percent goes toward Series A checks made to the same group of companies; thirty percent goes toward new investments; and the remaining thirty percent goes toward investments in certain Series B stages.
Darwinbox, Kissht, SigTuple, Zluri, Qapita, Eyestem, Grip Invest, Myelin Foundry, and BluJAerospace are all supported by Endiya Partners.
