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The Holani Group-backed Holani Venture Capital Fund, a Rs 300 crore fund focused on small and medium-sized enterprises (SMEs), was launched in Jaipur on April 27, 2024.
Within just a month of its launch, the fund has raised Rs 184 crore.
The Holani Group ventured into fund management and investment after receiving approval from the Securities and Exchange Board of India (SEBI) on April 3, 2024, to register its Alternate Investment Fund.
The fund's purpose and strategy
The primary aim of the Holani Venture Capital Fund is to empower SMEs and fuel their growth.
Ashok Holani, Director of Holani Consultants Private Limited, said, “We are thankful to all the investors for the faith shown by them and parking Rs 184 crore 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.”
Who can invest in the fund?
The fund is registered as a Category I AIF (Alternate Investment Fund) under SEBI and is managed and sponsored by Holani Capital Advisors LLP.
It offers investment opportunities to a diverse range of investors, including high-net-worth individuals, corporations, institutional investors, financial institutions, family offices, insurance companies, foreign investors, and other alternative investment funds.
The fund also has a greenshoe option to retain an additional Rs 100 crore.
About Holani Consultants
Holani Consultants Private Limited, a SEBI-registered Merchant Banker and Stockbroker based in Jaipur, Rajasthan, promotes the fund.
The company offers a wide range of financial market services, including IPO management, business valuation consultancy, financial management and advisory, bank financing, stock broking, and other securities market-related advisory and consultancy services.