Orios Venture Partners has announced that it has returned 300 crore rupees to investors from Fund 1 and expects significant growth in returns from this fund in the current year. The fund was launched in 2014 with a final closure of 300 crore rupees in 2015. It invested in 18 companies, primarily focusing on health technologies, consumer technologies, and e-commerce. The fund plans to strengthen its position by targeting significant further returns in 2024 and 2025.
According to Rehana Yar Khan, Managing Partner of early-stage funds, such funds are a long journey as they grow alongside the companies they invest in. “We are pleased to have returned 1x the value of the fund, which means the invested capital has been returned to investors, and now it’s time for value growth. With a few strong companies in our portfolio, we hope to achieve strong results,” Khan said.
The capital return journey, in general, took longer than planned due to the Covid pandemic and its effects, which disrupted both financial markets and company sales in 2020, 2021, and 2022, as reported by the company. This was a double blow as the VC industry was still young and had not yet completed a full cycle of returns. “We hope that such black swan events will not be repeated in our lifetime, and from now on, the returns cycle for us and the VC industry should be quite smooth,” Khan added.
Fund 1 largely focused its resources on internet markets, which accounted for 27.07% of the investments, followed by the D2C sector (17.7%) and HealthTech (14.45%). Key companies from the portfolio that benefited from this fund include Country Delight, Pharmeasy, Intelligence Node, and Zostel. Orios Venture Partners expects further growth in technological potential in India. “Currently, we are investing from our fourth fund, and looking back at Fund 1, we can see that opportunities for startups have multiplied. Technology has reached all of India, including its hinterland, extending beyond consumer internet to the B2B market, SaaS, electric vehicles, climate technology, and hardware,” Khan said. Furthermore, the company is pleased with the capital return as it provides investors with the necessary reassurance to allocate their funds into larger venture capital funds, which in turn can capitalize on favorable investment opportunities in India. This marks the beginning of an extended positive cycle.
The source of the article is from the blog windowsvistamagazine.es