Indian private equity firm Creaegis has successfully concluded its maiden fund, raising a total of $425 million (approximately INR 3,529 crore) to invest in homegrown startups. The fund achieved its final close with investments from institutional investors and family offices across India, the United States, Europe, and Asia.
Creaegis expressed gratitude for the trust and support of its investors, which include prominent institutional players and family offices. The fund's completion underscores the growing interest and confidence in India's startup ecosystem among investors, both domestic and international.
With the new fund in place, Creaegis aims to deploy capital with an average ticket size ranging from $25 million to $40 million. The firm's investment strategy focuses on "doubling down on its portfolio winners," emphasizing the importance of supporting and scaling promising startups in its portfolio.
Creaegis has already committed a substantial portion of the fund, backing startups across various sectors. Some of its notable investments include healthtech platform Medikabazaar, insurtech startup Zopper, and enterprisetech startup Kale Logistics.
The successful close of Creaegis's maiden fund reflects the ongoing growth and dynamism of India's startup ecosystem. Private equity firms and venture capital investors are actively participating in India's burgeoning tech landscape, supporting startups across industries such as healthcare, fintech, logistics, and more.
The infusion of significant capital into the ecosystem is expected to drive innovation, foster entrepreneurship, and fuel the growth of Indian startups. It also demonstrates the attractiveness of Indian startups as investment opportunities, drawing interest from diverse investors across the globe.
Creaegis's mission to invest in and support promising Indian startups aligns with the broader goal of nurturing and expanding the country's entrepreneurial landscape. As the fund deploys its capital, its impact on the growth and development of its portfolio companies will be closely monitored by stakeholders in the Indian startup ecosystem.
