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Investments

8

Portfolio Exits

2

Funds

1

About Equanimity Investments

Equanimity Investments is the venture capital firm of Rajesh Sehgal.

Equanimity Investments Headquarter Location

Mumbai,

India

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Latest Equanimity Investments News

Equanimity Investments Rolls Out $45.5 M Fund To Back Tech Startups

Mar 9, 2022

Share story Share story The fund will majorly focus on startups operating in segments—mobility, electric vehicles, artificial intelligence and blockchain The second fund comprises 35% of the global LPs and the remaining share includes domestic investors akin to the previous fund Mumbai-based venture capital company, Equanimity Investments has initiated its second fund. For the same, the VC has set a target corpus of around $45.5 Mn and a green shoe option to raise an equal amount. The company revealed that the fund has already received commitments of more than INR 200 Cr. “Most of our existing limited partners (LPs) have rolled into Fund II with a far higher amount,” Rajesh Sehgal, founder of Equanimity, told VC Circle. The fund will majorly focus on startups operating in segments—mobility, electric vehicles, artificial intelligence and blockchain. It is anticipated to mark the first closure and begin investing from April this year. The company stated that it will continue to act as a business-focused investor. It will further look for opportunities in edtech, consumer tech, fintech and other tech-enabled startups. Some of its LPs are Mark Mobius of Templeton Emerging Markets Group, and Vijay Advani, president of Nuveen, US. The second fund comprises 35% of the global LPs and the remaining share includes domestic investors akin to the previous fund. The LP Pool has also increased for both institutional as well as retail investors. In the previous fund, Equanimity raised INR 125 Cr for its first fund despite a target corpus of INR 100 Cr. “There is a clear change in the nature of LPs which is a reflection of the maturity of our ecosystem while we are still at the nascent stage,” Sehgal added. Investment thesis of the second fund will remain in a similar line with the former fund. It plans to infuse in innovative business models that would not engage in cost-intensive R&D work. It will further infuse in companies that adopt and leverage tech to create a sustainable and scalable business. Under the new fund, Equanimity Investments also plans to make bets on capital-efficient companies. The second fund plans to have a portfolio of 15-20 companies in spite of having a bigger corpus. Its initial ticket size will go up from INR 3 Cr to INR 6– INR 7 Cr. The first fund had given some investors over 2X returns and is presently recording an internal rate of return of a little more than 30% in Indian currency. Earlier in October 2021, Equanimity participated in product delivery startup Fraazo’s funding round . The startup raised $50 Mn in a mix of equity and debt from WestBridge, Sixth Sense Ventures, Equanimity Investments, Apar Group among others. Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

Equanimity Investments Investments

8 Investments

Equanimity Investments has made 8 investments. Their latest investment was in Fraazo as part of their Series B on October 10, 2021.

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Equanimity Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/6/2021

Series B

Fraazo

Yes

9

1/24/2020

Series A

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$99M

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10

5/28/2019

Seed VC

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$99M

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10

5/6/2019

Series B - III

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$99M

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10

4/9/2019

Series A

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10

Date

10/6/2021

1/24/2020

5/28/2019

5/6/2019

4/9/2019

Round

Series B

Series A

Seed VC

Series B - III

Series A

Company

Fraazo

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Amount

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

9

10

10

10

10

Equanimity Investments Portfolio Exits

2 Portfolio Exits

Equanimity Investments has 2 portfolio exits. Their latest portfolio exit was Sqrrl on May 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/10/2022

Acquired

$99M

3

8/16/2021

Acquired

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$99M

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10

Date

5/10/2022

8/16/2021

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

10

Equanimity Investments Fund History

1 Fund History

Equanimity Investments has 1 fund, including Equanimity Investments I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/20/2018

Equanimity Investments I

$10.8M

6

Closing Date

2/20/2018

Fund

Equanimity Investments I

Fund Type

Status

Amount

$10.8M

Sources

6

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