Frontier Tech Capital, a new private equity fund started by Pawan Gandhi (founder of KaHa, which was bought by boAt in 2022), former Citi executive Brijesh Pande, and Plainview CEO Razat Gaurav, is raising $150 million for its first fund.
Gandhi said the firm has already raised almost half of its $150 million goal and is now searching for startups to invest in. The first investments will start at $10 million, with plans to support 10–15 companies.
Frontier Tech plans to invest in growing tech and tech-enabled companies that make more than $50 million in revenue, but only if they meet certain conditions.
“We also look at the quality of revenue. We are very keen to understand if the company is now operationally kind of profitable? What are the growth prospects? Is the technology something that can be scaled to other parts of the world? So, these are some of the things that we kind of want to understand before we decide on investments, shortlist, and create that funnel,” Gandhi said.
The firm has set up teams in important Southeast Asian markets, with Manoj Kohli, former head of SoftBank India, leading its investments in India.
Frontier’s first fund will run for eight years, giving it time to invest carefully. It is supported by family offices and institutions from Japan, Singapore, and the UAE, and is also attracting interest from Indian family offices.
By focusing on Southeast Asia, the firm plans to make the most of each country’s technology strengths.
Read more- Via partners with Waymo to launch self-driving taxi service
