With multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund

“Although companies such as Purple, Headout, Tongout, Tonbo Imaging and Exotel are already ready to public offering, IDFY, TODDLE, Seclor, Videoonetic and QNU laboratories, including others, will have a scale of exploring options for a period of a period of a period of a period of a period.” Mint In a common interview. They did not explain whether they planned to sell shares in the public offering.

“There is enough flexibility in India, and I think the general ecosystem has seen a good progress by touching public markets in the last few years,” he said. Iz We expect this to increase in the coming years, as a wider feeling than regulators and investors is encouraging more companies with sustainable metrics to public. ”

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In addition, although it will discover strategic options for exits, the consent, considering that the early growth phase fund is already investing in mature companies with a strong product market compatibility, he added that he would see as a larger percentage of public offices.

“In some cases, public markets may not know how to value certain assets, so strategic options are more meaningful, ve and added that the aim is to have many exit options for companies that are always available.

The VC firm has already watched its first output in Elkiy, a real -time risk decision -making company with almost 2.5x earnings. The company was sold to US -based Socure, a SOCKUZ, which is a project of fraud prevention and digital identity, for $ 136 million last year.

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New fund

Azim Fund comes after the VC company announced the final closing of its first fund in March last year to invest in Indian companies. Approximately 80-85% of the first fund has already been deployed in 15 companies and the investment company will start the second fund process in the coming months.

Azim, which is largely supported by domestic investors, including other initial founders and senior executives, plans to increase its average ticket size by 45-50%. LaIn the next fund, the 60-70 Crore will be worth the institutionalized capital pools as well as existing investors. The average ticket size existing is around La40-50 Crore.

Focusing on investing in software and deep technology companies during the B and C series stages, the VC company looks for companies built efficiently in capital with low volatility and return.

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Meanwhile, Fundraging Momentum was chosen with a few private capital and risk capital companies with a few private capital and risk capital firms for the last six to eight months, Kedaara, Chryscapital, Stellaris Ventures, India Department, Sixth Sense, Prime Ventures, Accel, A91 Partners, Cornerstone VC and BESsemer Venture Partners.

Azim, Nexus Venture Partners, Lok Capital, Chiratae Ventures, Peak XV Partners, Weh Ventures, Incredible Alternative Investments, Avataar Venture Partners, Blume Ventures and Fireside Ventures are preparing to increase the new capital.