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Venture Capital
gii.ae

Investments

15

Portfolio Exits

5

Funds

3

Partners & Customers

1

About Gulf Islamic Investments

Gulf Islamic Investments provides access to investment opportunities in private equity, venture capital, infrastructure, and real estate. It was founded in 2014 and is based in Dubai, United Arab Emirates.

Headquarters 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

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Find Gulf Islamic Investments in 1 Expert Collection, including Fitness Tech.

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Fitness Tech

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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

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CB Insights Intelligence Analysts have mentioned Gulf Islamic Investments in 1 CB Insights research brief, most recently on Dec 9, 2021.

Latest Gulf Islamic Investments News

QUADRIA CAPITAL-LED CONSORTIUM ACQUIRES STAKE IN LEADING GLOBAL TOPICAL DRUGS MANUFACTURER, ENCUBE ETHICALS

Jan 4, 2023

QUADRIA CAPITAL-LED CONSORTIUM ACQUIRES STAKE IN LEADING GLOBAL TOPICAL DRUGS MANUFACTURER, ENCUBE ETHICALS Quadria’s investment to help catalyse Encube’s growth into a leading integrated topicals-focused company Mumbai, 28 June 2021 – Quadria Capital, Asia’s leading private healthcare investor, and its co-investors including Gulf Islamic Investments, a UAE based financial services company having assets under management of over $2.5 billion, today announced a minority investment into Encube Ethicals, an India-based, leading global player in manufacturing of topical drugs. The deal also included a secondary transaction whereby existing investors, Multiples Alternate Asset Management Private Limited (Multiples) exited the company. Founded in1998, Encube is engaged in contract development and manufacturing of topicalformulations for a global, blue-chip customer base. The company has a strongfocus on research and development and has successfully developed and launchedmultiple own products in regulated markets. The partnership with Quadria willenable Encube to execute a robust expansion and growth strategy to establishitself as an integrated global leader in topical drugs globally. Quadria Capital Managing Partner and Co-Founder Dr.Amit Varma said: “Encube has an unparalleled track record in topicalsmanufacturing, with an uncompromising commitment to the highest quality,safety, and reliability standards. We are impressed by the vision of Encube’sfounders to provide affordable and quality topical products; we are even moreimpressed by their ability to realise that vision at significant scale. We areexcited about this partnership as this represents a stepping-stone in buildingan integrated global leader in topicals.” Commenting on the investment, Encube’s founder andManaging Director, Mehul Shah said: “I am grateful for Multiples and RenukaRamnath to trust and build on our abilities. It was an exceptional partnershipand transformational journey for our company. I am now pleased to have Asia’slargest private healthcare investor, Quadria Capital on-board with us forEncube’s Growth 2.0 journey. We aspire to grow organically and inorganically,and will be making long-term investments across the value chain. I am certainthat matching our capabilities to our Topical focussed strategy will bestposition Encube to continue to create and deliver value. I look forward to afruitful association with Quadria Capital” Multiples Private Equity Founder and CEO RenukaRamnath said, “We had unequivocal conviction in Mehul’s vision, acumen and hisleadership. We are proud that we backed an outstanding leader like Mehul andplayed a pivotal role in transforming Encube from a contract manufacturingcompany to a fully integrated pharma company with a front end in USA. Bringingdreams of outstanding entrepreneurs to life and stretching their aspirations isthe true purpose of Multiples. We feel fulfilled with the outcome of Encube.’ Kotak Mahindra Capital Company Limited served as the exclusive sell-side advisor to the company and sellers. – The End – Encube Ethicals Encube Ethicals is an integrated specialized topicalfocused pharmaceutical player dedicated to Topical formulations. It has alegacy of more than twenty-three years in manufacturing and developing topicalformulations which touch millions of patients globally. Encube has the world’slargest single site topical manufacturing facility in Goa with capacity toproduce over 400 million units annually that has been inspected and deemedcompliant by US, EU, and several global regulatory authorities. Encube has agrowing US business focused on Topical generics supported by more than 150scientists in research & development. Encube aspires to be a global leaderin Topical products end to end value chain over the next 5 years. For more information, visit at www.encubeethicals.com Quadria Capital Quadria Capital is an independent healthcare focussedprivate equity firm with assets under management exceeding US$ 2.3 billion andinvestments in 23 companies across the Asia-Pacific region. Quadria focuses onpartnering with promising regional healthcare companies and, with its activeinvestment strategy, help them grow into regional leaders, while creating anddelivering outstanding returns to its investors. Quadria complements itsinvestment objective with a progressive philosophy of creating positive impacton environment, society and governance. Its aim is to improve lives by bringingbetter healthcare for all. This comes from its belief that positive investmentreturns and constructive social and financial impact must go hand-in-hand. For more information, visit at www.quadriacapital.com Multiples Alternate AssetManagement Multiples is India’s leadingprivate equity platform distinguished by its long and successful experience ofpartnering Indian entrepreneurs. Multiples was founded in 2009 and during thisdecade has backed 20+ Indian businesses to build aspirational, distinctive andresponsible businesses. Multiples focuses on 4 core sectors of financialservices; pharma & healthcare; consumer and consumer-tech and technology.Some of Multiples’ distinctive investment-partnerships include PVR, Delhivery,Encube, DreamSports, Quantiphi and Vastu Housing Finance. For more information, visitat www.multiplesequity.com

Gulf Islamic Investments Investments

15 Investments

Gulf Islamic Investments has made 15 investments. Their latest investment was in Soothe Healthcare as part of their Series D on October 10, 2022.

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Gulf Islamic Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/21/2022

Series D

Soothe Healthcare

$21.11M

No

4

3/15/2022

Series A - II

UpScalio

Yes

2

2/25/2022

Series B

1- India Family Mart

$6.65M

Yes

3

8/31/2021

Series C - II

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$99M

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10

7/12/2021

Series B

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$99M

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10

Date

10/21/2022

3/15/2022

2/25/2022

8/31/2021

7/12/2021

Round

Series D

Series A - II

Series B

Series C - II

Series B

Company

Soothe Healthcare

UpScalio

1- India Family Mart

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Amount

$21.11M

$6.65M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

2

3

10

10

Gulf Islamic Investments Portfolio Exits

5 Portfolio Exits

Gulf Islamic Investments has 5 portfolio exits. Their latest portfolio exit was zSpace on May 18, 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

5/18/2022

Acq - Pending

$99M

1

4/12/2022

Acquired

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$99M

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10

6/28/2021

Corporate Majority

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$99M

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10

1/17/2019

Asset Sale

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$99M

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10

9/4/2018

Acq - Fin

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$99M

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10

Date

5/18/2022

4/12/2022

6/28/2021

1/17/2019

9/4/2018

Exit

Acq - Pending

Acquired

Corporate Majority

Asset Sale

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Gulf Islamic Investments Acquisitions

3 Acquisitions

Gulf Islamic Investments acquired 3 companies. Their latest acquisition was Offa on June 30, 2022.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

6/30/2022

$99M

Acq - Fin

1

6/1/2022

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$99M

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10

5/17/2022

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$99M

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10

Date

6/30/2022

6/1/2022

5/17/2022

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

10

10

Gulf Islamic Investments Fund History

3 Fund Histories

Gulf Islamic Investments has 3 funds, including Gulf Islamic Investments IGP2.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/13/2022

Gulf Islamic Investments IGP2

1

3/8/2016

GII Tech Ventures

$99M

10

10/7/2015

GII Venture Fund

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$99M

10

Closing Date

10/13/2022

3/8/2016

10/7/2015

Fund

Gulf Islamic Investments IGP2

GII Tech Ventures

GII Venture Fund

Fund Type

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Status

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Amount

$99M

$99M

Sources

1

10

10

Gulf Islamic Investments Partners & Customers

1 Partners and customers

Gulf Islamic Investments has 1 strategic partners and customers. Gulf Islamic Investments recently partnered with Marriott International on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/27/2022

Partner

United States

10:00 EDT MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH GULF ISLAMIC INVESTMENTS TO DEBUT THE LUCAN, AUTOGRAPH COLLECTION RESIDENC...

With this milestone agreement , Gulf Islamic Investments LLC introduces a new landmark London property and signs its first real estate management agreement with a global hospitality brand , setting the stage for the debut of the Autograph Collection Residences brand in the United Kingdom and debuting the first standalone residential product for the brand globally .

5

Date

7/27/2022

Type

Partner

Business Partner

Country

United States

News Snippet

10:00 EDT MARRIOTT INTERNATIONAL SIGNS AGREEMENT WITH GULF ISLAMIC INVESTMENTS TO DEBUT THE LUCAN, AUTOGRAPH COLLECTION RESIDENC...

With this milestone agreement , Gulf Islamic Investments LLC introduces a new landmark London property and signs its first real estate management agreement with a global hospitality brand , setting the stage for the debut of the Autograph Collection Residences brand in the United Kingdom and debuting the first standalone residential product for the brand globally .

Sources

5

Gulf Islamic Investments Team

6 Team Members

Gulf Islamic Investments has 6 team members, including current Founder, Chief Executive Officer, Mohammed Alhassan.

Name

Work History

Title

Status

Mohammed Alhassan

Founder, Chief Executive Officer

Current

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Name

Mohammed Alhassan

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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