VC firm Endiya Partners to launch Fund III with corpus of $100-$125 million

Endiya Partners, a venture capital firm known for its focus on deep tech, health, SaaS, and AI startups, is gearing up to launch its third fund, aiming for a corpus between $100 million and $125 million.

Notably, This is Endiya Partners' largest fund to date. Founded in 2016, Endiya Partners has established itself as a significant player in the early-stage investment scene, with $100 million currently under management.

Performance of the previous fund

According to the firm, Its first fund, which was launched with a $40 million corpus, has generated a distributed paid-in (DPI) capital return of over 90% to its limited partners (LPs).

The performance significantly outpaces the 48% DPI average for Crisil’s alternative investment fund (AIF) category 1 benchmark on funds raised in FY16 in the Indian currency.

Investing in 18-20 startups

Endiya Partners plans to invest in approximately 18-20 companies with its third fund, maintaining its thematic investment approach that had seen success in sectors like SaaS even before they became market favourites.

The firm's investment strategy involves allocating 30-40% of the fund to new investments, 20-30% to Series A rounds in the same companies, and about 30% to select Series B stages. This structured approach ensures substantial support for portfolio companies, with Endiya and its LPs potentially providing up to $7 million to $8 million per company.

Providing strategic and operational assistance

Besides providing financial support, Endiya Partners also offers strategic and operational assistance to its portfolio companies. This includes guidance on product development, market entry strategies, and talent acquisition.

The firm said that this hands-on involvement has led to a 75% success rate in subsequent funding rounds for its portfolio companies, significantly above the industry average. 

Doubling down investments

As Endiya Partners prepares to launch Fund III, the firm is set to double down on its commitment to the digital industry, including AI-powered SaaS, semiconductors, and health segments.

The VC firm is focused on product-focused startups aiming for global reach and avoiding sectors like e-commerce and D2C. So far, It has backed Aqua Exchange, Bluj Aero, Cell Propulsion, ConstructN, Cult.fit, Darwinbox, and ekincare, among others. 

Join our new WhatsApp Channel for the latest startup news updates