Mumbai-based independently owned investment management firm Alpha Capital said that it has garnered commitments to invest around ₹1,500 crores in Indian startups, over the next three to four years.
Moving away from the traditional blind pool fund model, Alpha Capital has designed a hybrid structure called “The Alpha Pledge”, whereby family offices and UHNW’s have given an upfront commitment with the exclusive top up co-investment rights to those who opt-in. Providing transparency to help investors make more informed decisions.
The cheque sizes would range from ₹100-150 crores per investment, across 10-15 business over the years, the startups could be listed or private.
Alpha Capital was founded by Vishal Ootam, along with Vivek Anand PS, and Sandeep Somani. The firm provides private equity financing to both listed and private startups, backing promising entrepreneurs.
The firm invests across industries including consumer care products, financial services, and entertainment, among others.
The commitment from Alpha Capital will further strengthen the Indian startup ecosystem, that has been attracting investors from all around the globe.
So far in 2018, investors have poured in more than ₹50,000 crores in blossoming Indian startups.
Earlier this month, it was reported that Omidyar Network is looking to invest over ₹1,800 crores in the Indian startups. Also, Iron Pillar announced the final close of its ₹660 crores maiden fund.
It was also reported, Mumbai-based venture debt fund Alteria Capital marked the second close of its maiden fund at ₹625 crores.