In order to support late-stage tech and consumer companies, PixelSky Capital, a secondary fund established by investment bank IndigoEdge and businessman Hitesh Ahuja, has introduced its first investment vehicle with a target corpus of Rs 400 crore. In 2023, Ahuja sold Yumlane, his foodtech startup, to Curefoods.
According to one of the sources, the fund is expected to close its second investment by June after having previously supported the beauty retailer Purplle. The company will make investments in eight businesses with an average check size of Rs 40–50 crore that intend to go public within a 36–48 month timeframe.
In addition to raising money from domestic family offices and unicorn founders, PixelSky’s founders have collectively contributed between Rs 10 and Rs 15 crore to the fund. By March 2026, the fund is anticipated to close.
IndigoEdge is one of many investment banks specializing in deals in the new economy that are launching their own funds.
According to IndigoEdge, it has been investing Rs 25–30 crore in proprietary ventures from its balance sheet and has served as a limited partner in 8–10 venture capital funds. Having facilitated more than 150 transactions totaling approximately $3 billion, PixelSky intends to expand its services to include investment products.
The fund will be led by IndigoEdge cofounder Zerin Rahiman and Ahuja, a former senior executive at private equity firm New Silk Route.
After evaluating about 20 businesses in the tech and consumer sectors, PixelSky Capital intends to make eight investments.
