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Kotak Pre-IPO Opportunities Fund raises Rs. 2,000 Crores

24 February 20233 mins read by Angel One
Kotak Pre-IPO Opportunities Fund raises Rs. 2,000 Crores
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About Kotak Pre-IPO Opportunities Fund

The Kotak Pre-IPO Opportunities Fund focuses on targeting the fintech, IT, health-tech, ed-tech, and SaaS sectors. It will locate such companies and prefer investments ranging from Rs. 25 crores to Rs. 200 crores.

So far, the fund has made investments amounting to Rs. 653 crores spread across five deals. It also features deals in several stages of execution and evaluation worth Rs. 405 crores.

A few notable investments made by the fund are:

  • API Holdings
  • PharmEasy’s parent company
  • Mobile Premier League
  • Pine Labs
  • FSN Ecommerce (Nykaa)
  • PB Fintech (PolicyBazaar)

The managing director of Kotak Investment Advisors mentioned that India is experiencing an increased pace in adopting digital technology by SMEs. In addition, companies are keen on incorporating tech ecosystems to respond to scalable and unique business models with considerable growth potential in the long run. This fund helps such company’s investors to layout their growth story as they enter the public markets.

Regarding this, the CEO of Kotak Investment Advisors said that a huge number of technology-driven firms are looking forward to hitting the bourses in the near term, and they have carefully laid a sufficient fund portfolio.

Further, many family officers are investors in this fund, including the family office of NR Narayana Murthy, Catamaran and the family office of Rubamin Group, Skywalker.

Bottom Line

Kotak Pre-IPO Opportunities Fund is an Alternative Investment Fund following SEBI regulations. The alternate arm of Kotak Group, Kotak Investment Advisors Limited, manages this fund. The primary aim of this fund is to target top-quality firms across different sectors, primarily featuring a solid technological presence, scalable growth opportunity, and significant unit economics.

With a strong focus on technology-enabled firms in traditional sectors, this fund is all in to enable them to enter the primary market.

Source – economic times

Frequently Asked Questions

  1. What is Kotak Investment Advisors Ltd.?

Kotak Investment Advisors Ltd. is a part of Kotak that focuses on its Alternate Assets business. KIAL has managed to raise and manage around $4.9 billion in various asset classes, including Real Estate Funds, Private Equity Funds, Special Situations Fund, Infrastructure Funds, Investment Advisory, and Listed Strategies.

  1. When was KIAL founded?

The founding year of KIAL is 2005.

  1. What is the fund category of Kotak Pre-IPO Opportunities Fund?

It is a venture capital-based fund.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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