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Venture Capital
gii.ae

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Investments

11

Portfolio Exits

3

Funds

2

About Gulf Islamic Investments

Gulf Islamic Investments provides access to unique, duly researched,well-structured and risk-mitigated investment opportunities in private equity, venture capital, infrastructure and real estate

Gulf Islamic Investments Headquarter Location

Boulevard Plaza II, Suite 1102 Downtown

Dubai,

United Arab Emirates

+971 4 325 3686

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Expert Collections containing Gulf Islamic Investments

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Gulf Islamic Investments in 2 Expert Collections, including MENA investors.

M

MENA investors

270 items

This is a collection of investors based in the Middle East and North Africa (MENA) that are active in the private markets globally as well as regionally, and we focus particularly on investors that have a history of backing private technology companies.Including: venture capital

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Research containing Gulf Islamic Investments

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Gulf Islamic Investments in 1 CB Insights research brief, most recently on Feb 4, 2021.

Latest Gulf Islamic Investments News

Gulf Islamic Investments ramps up presence in India with USD 500 million investment plan

Oct 19, 2021

Share Between January and July 2021, Middle Eastern investors wrote checks worth over USD 1.2 billion for Indian companies. Gulf Islamic Investments (GII), a UAE-based financial services Shariah-compliant firm with over USD 2 billion in assets under management, is sharpening its focus on the Indian market. A year after making its investment debut in India, the company plans to set up its first international subsidiary in the country, GII said on Monday in a statement. In line with its plans to expand its India presence, the firm will open an office in Bengaluru—otherwise is known as the country’s Silicon Valley, which houses over 40% of the local unicorns—and invest USD 500 million (INR 35 billion) in businesses across the sectors, over the next three years. The financial services firm said it will also partner with Indian start-ups and growth companies that are looking to establish a presence in the Middle East market. GII is part of a growing group of investors from the Middle East that are backing Indian companies and helping them set up camp in the Gulf region. It started writing checks for minority stakes in local healthcare companies from its fund called India Growth Portfolio in the second quarter of 2020—when the first wave of COVID-19 hit the country. Its portfolios include a multi-specialty hospital chain and an in-vitro diagnostics (IVD) firm that manufactures reagents and medical equipment. Seven-year-old GII counts ultra-high-net-worth individuals, family offices, banks, institutions, and sovereign wealth funds in the Middle East and Asia as clients and has made investments across real estate, private equity, and venture capital. Aside from GII, VC firms like ADQ, Alpha Wave Incubation, Vy Capital, Investcorp, and Qatar Investment Authority have been participating in multiple funding rounds in the country since 2020. Compared to the USD 1.8 billion put in by Gulf investors in India in 2019, they poured in a record USD 7.5 billion last year, as per Venture Intelligence data. Although over USD 6 billion went into Reliance’s retail and digital arms, Mukesh Ambani-owned Indian conglomerate lured heavyweights like Mubadala, Abu Dhabi Investment Authority, and Public Investment Fund to India. This encouraged their peers to invest in the country. Between January and July 2021, Middle Eastern investors wrote checks worth over USD 1.2 billion for local companies. “India represents a prime investment destination for GII, and this expansion demonstrates our commitment to future investments in the country’s burgeoning start-up and high-growth enterprise space,” Mohammed Alhassan and Pankaj Gupta, founding partners and co-CEOs of Gulf Islamic Investments, said in a joint statement. “Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over INR 10 billion (USD 133 million), we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor.” Share

Gulf Islamic Investments Investments

11 Investments

Gulf Islamic Investments has made 11 investments. Their latest investment was in Soothe Healthcare as part of their Series C - II on August 8, 2021.

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Gulf Islamic Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/31/2021

Series C - II

Soothe Healthcare

$13.7M

Yes

2

7/12/2021

Series B

Hero Electric

$29.5M

Yes

3

6/28/2021

Private Equity

Encube Ethicals

Yes

2

1/28/2020

Series E - II

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$99M

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10

11/27/2019

Seed VC

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$99M

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10

Date

8/31/2021

7/12/2021

6/28/2021

1/28/2020

11/27/2019

Round

Series C - II

Series B

Private Equity

Series E - II

Seed VC

Company

Soothe Healthcare

Hero Electric

Encube Ethicals

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Amount

$13.7M

$29.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

2

10

10

Gulf Islamic Investments Portfolio Exits

3 Portfolio Exits

Gulf Islamic Investments has 3 portfolio exits. Their latest portfolio exit was Mumzworld on June 28, 2021.

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

6/28/2021

Corporate Majority

11

00/00/0000

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10

00/00/0000

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10

Date

6/28/2021

00/00/0000

00/00/0000

Exit

Corporate Majority

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Companies

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Valuation

Acquirer

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Sources

11

10

10

Gulf Islamic Investments Fund History

2 Fund Histories

Gulf Islamic Investments has 2 funds, including GII Tech Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/8/2016

GII Tech Ventures

$32.5M

1

10/7/2015

GII Venture Fund

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$99M

10

Closing Date

3/8/2016

10/7/2015

Fund

GII Tech Ventures

GII Venture Fund

Fund Type

Subscribe to see more

Status

Amount

$32.5M

$99M

Sources

1

10

Gulf Islamic Investments Team

5 Team Members

Gulf Islamic Investments has 5 team members, including current Founder, Chief Executive Officer, Mohammed Alhassan.

Name

Work History

Title

Status

Mohammed Alhassan

Founder, Chief Executive Officer

Current

Pankaj Gupta

Founder

Current

Mohammed Al-Hassan

Chief Executive Officer

Current

Samson Checkove

Chief Financial Officer

Current

Chandra Sen Hada

Chief Operating Officer

Current

Name

Mohammed Alhassan

Pankaj Gupta

Mohammed Al-Hassan

Samson Checkove

Chandra Sen Hada

Work History

Title

Founder, Chief Executive Officer

Founder

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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