Mumbai (Maharashtra) [India], June 5: Holani Venture Capital Fund, a ₹300 crore fund targeting the SME sector, has achieved a significant milestone by raising ₹184 crores just a month after its launch. Launched on April 27, 2024, in Jaipur, this fund is promoted by the esteemed Holani Group, a well-known name in the investment world.
The Holani Group ventured into fund management and investment after receiving approval from the Securities and Exchange Board of India (SEBI) for registering its Alternate Investment Fund on April 3, 2024.
This regulatory green light enabled the group to commence operations as an equity fund house and attract investor funds into the vibrant Indian equity markets. Additionally, the fund includes a greenshoe option to retain an additional ₹100 crores, highlighting investor confidence and potential for further growth.
“We are thankful to all the investors for the faith shown by them and parking ₹184 crores in just one month of the launch of our fund. We stand by our commitment to empower SMEs and fuel their growth. With our sector-agnostic strategy, meticulous research, and prudent risk management, we aim to create long-term value for our clients while fostering innovation, entrepreneurship, and economic growth of India through our fund,” said Mr. Ashok Holani, Director of Holani Consultants Private Limited.
The Holani Venture Capital Fund, registered as a Category I AIF (Alternate Investment Fund) under SEBI, is managed and sponsored by Holani Capital Advisors LLP. This Indian growth capital private equity fund offers investment opportunities to a diverse group of investors, including high net worth individuals, corporates, institutional investors, financial institutions, family offices, insurance companies, foreign investors, and other alternative investment funds.
The Holani Group’s focused approach and deep understanding of the SME landscape enable it to identify promising businesses with high growth potential, contributing significantly to the growth of the SME ecosystem.
With the fund’s successful initial raise, Holani Venture Capital Fund is well-positioned to drive substantial value creation and support the dynamic SME sector in India.
(Brand Connect Initiative)
