Xponentia, a private equity platform, has successfully raised Rs 1,000 crore in its second fund from primarily Indian investors. The platform plans to invest this capital in various sectors such as consumer, healthcare, financial services, and business services.
The fundraising target of Rs 750 crore was not only met but exceeded, with participation from existing and new investors, including High Networth Individuals (HNIs), family offices, insurance companies, and the ‘fund of funds’ program managed by Small Industries Development Bank of India (SIDBI).
Devinjit Singh, the managing partner of the platform, believed that Indian institutions and family offices were not investing enough in alternative assets. As a result, he left Carlyle in 2018 and launched the platform.
The firm recently closed their second fund at Rs 270 crore and have made investments in Altigreen, Zype, The Souled Store, and Auxilo. The first fund has also been fully invested in eight companies.
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