Friday, June 21, 2024
HomeFundingIndia-Based investment firm Oister Global Secures $53 Million in Funding - FUNDING...

India-Based investment firm Oister Global Secures $53 Million in Funding – FUNDING NEWS

A new $53 million fund has been launched by investment firm Oister Global to support innovations in both developing technology-led and consumption-driven industries.

A new $53 million fund has been launched by investment firm Oister Global to support innovations in both developing technology-led and consumption-driven industries.

The new Oister India Pinnacle Fund will seek investments in fund houses spanning early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds, the business said in a statement. The fund contains a Rs 190-crore greenshoe option.

Read also – Saudi-Arabia Based New Financing Facility NEOM Secures USD2.7 Billion

Oister, which was founded by Rohit Bhayana and Sandeep Sinha, has made investments in funds such as Blume Ventures and Stride Ventures in the past.

“Oister Global’s new fund is strategically designed to capitalise on India’s consumption-driven growth,” said Rohit Bhayana, Co-CEO and co-founder.

Read also – Thailand-Based Betagro secures $30 Million in Funding

“Oister India Pinnacle Fund is a versatile blend of venture capital, growth equity, and private equity, enabling us to capture value across various stages of a company’s lifecycle. This approach ensures strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India’s dynamic startup ecosystem. Additionally, it allows us to reinforce success by providing follow-on capital to portfolio winners,” he added.

Oister wants to invest Rs 4,500 crore in the nation’s venture capital and private equity sector over the course of the next two years. In the upcoming quarter, it intends to introduce a private credit fund as well.

About Oister Global

Oister Global is an investor in premier private market funds in India. Powered by a strategic focus on private equity, debt, venture capital, and credit, Oister is leading India’s alternative era.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular