Offshore Limited Partners support Endiya Partners in their newest financial undertaking, backing Darwinbox
In the dynamic world of venture capital, India is witnessing a significant shift as local investors are taking the lead in Limited Partner (LP) money flow into Private Equity (PE) and credit funds, surpassing their offshore counterparts.
One such venture capital firm, Endiya Partners, has recently floated its third investment vehicle earlier this year. The firm, backed by Darwinbox and Kissht, has already raised approximately $100 million for this fund in the first close, with a target size of $150 million. Around 40% of the commitments have come from offshore investors, including family offices and funds from the US and Europe.
Endiya Partners' third investment vehicle aims to invest in early-stage technology startups in India, focusing on sectors including healthcare, deep tech, and software. However, the identity of the offshore investor who contributed to the fund remains undisclosed.
Elsewhere, Endiya Partners is not the only firm experiencing growth. Ares Asia, a global alternative investment manager, has secured a key Limited Partner (LP) for a new special situations fund with an India mandate. The identity of the key LP is also not disclosed.
Meanwhile, JBM Auto's electric mobility unit is aiming to secure another funding cheque, but the specific amount they are seeking is not specified.
Looking beyond India, European VC firm Speedinvest is onboarding a key LP for its first Africa-focused fund. The identity of the key LP that Speedinvest is onboarding is also not revealed. The article does not provide information about the nature or focus of Speedinvest's first Africa-focused fund.
In the Middle East and North Africa (MENA) region, a fund close is expected for H2 2025 to fuel private investment activity. This news, while not specific to any firm, underscores the growing interest in the region's venture capital landscape.
As always, it's important to note that these findings are based on the latest known data and direct referencing to official announcements or news releases from the respective firms would provide the most precise and current details.
- The focus of Endiya Partners' third investment vehicle, which has raised around $100 million, is on investing in early-stage technology startups in India, with a primary interest in sectors such as healthcare, deep tech, and software.
- Despite the growing interest in Africa's venture capital landscape, the identity of the key Limited Partner (LP) that European VC firm Speedinvest is onboarding for its first Africa-focused fund remains undisclosed.
