EU-US investors back Fund II’s transformational ideas
Panthera Growth Partners (PGP), a Singapore-based tech-focused growth investment firm, announced the first close of its second Fund, saying it will deploy approx. US$20 million on average in 10-12 individual portfolio companies across India and Southeast Asia.
Backed by institutional investors from India, EU and the US, Fund II will seek to back entrepreneurs who typically employ market transformational ideas propelled by technology, PGP said on 28 June 2022.
Fund II has been formed to build upon the investment track record and philosophy of the firm by focusing upon investments in growth stage technology-enabled companies that are, or are, poised to become leaders in their respective markets.
The fund’s target has been set at US$250 million, which is expected to be achieved by the end of this fiscal year.
The fund will offer up to 100% of fund commitments in co-investment opportunities, said Panthera which was founded in 2021 and has an office in Mumbai.
The Fund’s investment objective is to partner with next generation consumption and enterprise services businesses with vast growth potential.
The Fund’s capital will be invested in companies that have achieved product market fit and are seeking to accelerate market growth.
The US$84 million Fund I, raised from global institutional investors, is largely deployed across sector leading companies such as BigBasket, Pepperfry, Zivame, OfBusiness, etc.
Shilpa Kulkarni, Founder and Managing Partner, Panthera Growth Fund, said, “We are a growth equity investor focused on revenue-generating enterprises that are building scalable businesses having achieved product-market-fit. At Panthera, we believe that operating thought partners are just as important as capital at this growth stage.
“With our teams’ experience of investing and operating companies in the startup ecosystem since more than two decades, we look to support entrepreneurs and management teams as they embark on an ambitious growth journey.” fiinews.com
