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Endiya Partners Set to Launch Third Fund With Over $100 Mn Corpus

Endiya Partners gears up to launch its third fund with a significant corpus, targeting startups in diverse sectors such as digital, deeptech, health, and AI, following its successful backing of ventures like Darwinbox and

Venture capital firm Endiya Partners, renowned for its backing of successful ventures like Darwinbox and, is gearing up to unveil its third fund with a substantial corpus ranging between INR 800 Cr and INR 1,000 Cr ($100-$125 Mn).

Focus Areas

The upcoming fund is poised to target startups operating in a spectrum of industries, with a particular emphasis on the digital sector, deeptech, health, software-as-a-service (SaaS), and artificial intelligence (AI), as reported by Moneycontrol.

Strategic Investment Approach

Founder Sateesh Andra revealed that Endiya Partners intends to commence investments from Fund III by March, aiming to support approximately 18-20 promising companies. The firm, which currently manages two funds, has already deployed investments totaling $7-$8 Mn into startups during their growth phases.

Past Success and Future Endeavors

In 2021, Endiya Partners successfully raised INR 17.5 Cr from the Biotechnology Industry Research Assistance Council’s (BIRAC) AcE Fund, marking the final close of its INR 500 Cr Fund II. Presently, the firm is actively channeling capital from Fund II into startups across various sectors, including SaaS, information security, semiconductors, healthcare & life sciences, and financial services, showcasing a diverse investment strategy.

Continued Commitment to Innovation

Since its establishment in 2016 by Sateesh Andra, Ramesh Byrapaneni, and Abhishek Srivastava, Endiya Partners has been instrumental in supporting numerous Indian B2B startups in burgeoning sectors such as healthtech, enterprise SaaS, cybersecurity, and others.

The launch of Endiya Partners' third fund comes amid a dynamic landscape in the venture capital sector. In a recent report by Inc42, it was highlighted that 2023 witnessed the announcement and introduction of 64 funds, including venture capital funds, micro-funds, and corporate VC funds, amounting to over $5.6 Bn. Comparatively, 2022 saw the launch of 126 funds, raising over $18 Bn for startup investments.