Playbook Partners, an India-based Growth Capital (GC) firm, raised approximately $130 million from reputable international investors in Singapore, Europe, the US, the Middle East, and India, and completed its first closure in less than four months.
The fund is utilizing the green shoe option and has the potential to grow to $250 million in response to significant interest from institutional investors.
The company stated in a statement on Tuesday that Playbook will collaborate with growth-stage, tech-enabled companies in sizable addressable markets that have significant scale, strong operational margins, and rapid expansion.
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Vikas Choudhury, a seasoned professional, entrepreneur, and investor, founded and leads Playbook. He has held executive positions at major international public firms like Reliance Jio and Aimia Inc. and brings a wealth of knowledge and expertise in building profitable, large-scale Indian and international businesses in the digital economy.
Among the notable startups in his extensive investment portfolio are ten unicorns, as well as notable IPOs and exits like inMobi, Myntra, Fractal, Nazara, PolicyBazaar, and Rapido.
Vikas Choudhury, Founder & Managing Partner, Playbook said, “Powered by a 5x growth in the digital economy to over $1 trillion, India will account for over 15% of the entire global economic growth over the next ten years, Our goal is to support India’s large-scale aspirational growth and transformation.”
Operating partners Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education), and Milan Sheth (Ex Automation Anywhere) are among the fund’s fundamentally ingrained industry representation. Each of them joined the company either personally or through their family offices.
As operators, consultants, and investors, the company claimed that its profound, contextualized understanding of markets, industries, and life cycles offers a strong advantage to growth investing and value generation for digital India.
About Playbook Partners
For Digital India, Playbook Partners is an operator-driven Growth Capital (GC) company. With its headquarters located in Mumbai, the company makes investments in tech-enabled growth-stage companies that have proven to have favorable unit economics and are steadily growing to become market lead.
