Venture capital firm Endiya Partners is poised to launch its third fund, with a projected corpus ranging from Rs 800 crore to Rs 1,000 crore (USD 100 million to $125 million). Currently managing a fund of $100 million, the company's upcoming venture holds significant potential.
Endiya Partners' inaugural fund, valued at USD 40 million, achieved an impressive Distributed Paid-In (DPI) capital return exceeding 90% for its Limited Partners (LPs). This performance metric indicates the amount of invested principal returned to LPs through exits, excluding any carried interest earned by the venture capital firm.
According to Endiya, the proceeds from the new fund will adhere to the same investment thesis as its previous funds and are expected to begin deployment within the next three to four months.
Established in 2015, Endiya Partners focuses its investments on companies operating in sectors such as deep tech, fabless semiconductors, edge artificial intelligence & mobility, SaaS, healthcare, digital health, and life sciences.
The upcoming fund is slated to invest in approximately 18-20 companies. Endiya, headquartered in Hyderabad, adopts a strategic approach to fund allocation, directing approximately 30-40% towards new investments, 20-30% for Series A investments in existing companies, and the remaining 30% for select Series B stage investments.