Kotak Investment Advisors Limited (KIAL) on Tuesday announced that it has launched its first Kotak Pre-IPO Opportunities fund raising 2,000 crores. The Pre-IPO Fund will invest in India-focused late-stage new age businesses with a strong gap in technology.
Kotak Pre-IPO Opportunities Fund has already made it worth investing in 653 crores in 5 deals and one more Transactions worth Rs 405 crore at various stages of evaluation and execution. Some of the investments made by the fund so far include API Holdings, the parent company of PharmEasy, Pine Labs, Mobile Premier League, PB Fintech (Policy Marketplace) and FSN Ecommerce (Nykaa).
Investors in the fund include several family offices such as Catamaran, NR Narayana Murthy’s family office and the Rubamin Group’s family office Skywalker.
“Kotak Pre-IPO Opportunities Fund will target high quality companies across all sectors, especially those with a strong technology focus, strong entity economics, scalable business model and exit visibility. The focus will be on technology-oriented companies including technology-enabled companies in traditional industries,” KIAL said in a statement.
Kotak Pre-IPO Opportunities Fund, set up as an alternative investment fund under SEBI regulations, is managed by Kotak Investment Advisors Limited, the alternative asset management arm of Kotak Mahindra Group.
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