- Indian VC raises $130M
- Targets tech startups
- Plans to boost Digital India initiative
Mega-Bucks for Tech Startups
Playbook Partners, an India-based growth capital firm, has successfully raised over $130 million in its first closing.
The fund, which could potentially grow to $250 million, has attracted investors from Singapore, Europe, the US, Middle East, and India. This impressive feat was accomplished in just four months, showcasing strong institutional investor interest.
Tech Titans at the Helm
Founded by Vikas Choudhury, a seasoned entrepreneur and investor, Playbook Partners boasts a leadership team of experienced professionals.
Choudhury’s impressive track record includes investments in 10 unicorns and successful exits from companies like inMobi and Myntra. The fund’s operating partners bring additional industry expertise, enhancing its value proposition.
Fueling India’s Digital Transformation
Playbook Partners aims to invest in growth-stage, tech-enabled businesses operating in large addressable markets.
The firm’s focus aligns perfectly with India’s booming digital economy, which is projected to grow fivefold to over $1 trillion. By partnering with promising startups, Playbook Partners seeks to accelerate India’s digital transformation and contribute to the country’s economic growth.
