“Early Stage VC investment volumes in India are markedly lower than VC volumes in countries like the US and China.
"Our investment in VC funds like Endiya helps mobilise capital from other LPs and brings that capital to path breaking early stage businesses,” said Jun Zhang, IFC Country Head, India. Endiya Partners has demonstrated differentiation in access to high-quality Pre-Series A opportunities in Enterprise Technology and Healthtech sectors” he added.
Endiya Fund II has a corpus target of $ 65 million (around Rs 500 crore) and has already completed its first close at Rs 280 crore ($ 40 million) in May 2019.
Limited Partners in the Fund include financial institutions, corporates, and family offices across India, Europe, and the U.S. Endiya Fund II will seek to invest in 16-20 start-ups, with an initial cheque size of $500,000 to $ 1 million in Seed/Pre-series A rounds and a planned investment of up to $5 million per company.