Kotak Investment Advisors' pre-IPO fund mobilises Rs 2,000 cr
Kotak Investment Advisors on Tuesday SAID it has successfully closed its maiden Kotak pre-IPO Opportunities Fund, raising Rs 2,000 crore.
The fund will invest in a range of India-focused late-stage new-age businesses with a strong moat of technology, according to a statement.
The Kotak Pre-IPO Opportunities Fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals in various stages of evaluation and execution.
''The swift pace of digital adoption by individuals, SMEs (small and medium enterprises) or enterprises has opened up the opportunity for the tech ecosystem to respond with unique and scalable business models with significant long-term growth potential,'' Srini Sriniwasan, managing director of Kotak Investment Advisors, said.
The fund enables the company's investors to participate in this growth story as these companies become part of public markets over time, he added.
Srikanth Subramanian, CEO (private wealth- investment advisory) of Kotak Investment Advisors, said there has been an abundant supply of technology-led companies looking to list in the near term and have carefully curated a good fund portfolio.
The fund will target high-quality companies across sectors, especially with a strong technology focus, robust unit economics, scalable business models, and exit visibility.
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