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Private Equity
FINANCIAL | Investment Firms & Funds
idfc.com

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Investments

23

Portfolio Exits

7

Funds

2

Partners & Customers

5

About IDFC

IDFC is a multi-asset class investment manager.

IDFC Headquarter Location

No. 1, Harrington Road, Chetpet KRM Tower, 8th Floor

Chennai, 600031,

India

+91 44 4564 4000

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IDFC Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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IDFC Rank

Latest IDFC News

RBI approves Vinod Rai’s appointment as independent chairman of Unity SFB-Business Journal

Jan 20, 2022

Vinod Rai, the former comptroller and auditor general of India, has been granted approval by the Reserve Bank of India to be appointed as the independent chairman of Unity Small Finance Bank (SFB), a joint venture between Centrum group and Bharat Pe. Apart from Rai, the SFB has appointed Sandip Ghose, an RBI veteran, Basant Seth, the former chairman and managing director of erstwhile Syndicate Bank, and Subhash Kutte, former chairman RBL Bank to its board to guide its journey in becoming a successful digital bank. Unity SFB started its operations in November last year after receiving a final nod from the central bank. The RBI gave this joint venture a small finance bank licence to take over the beleaguered Punjab and Maharashtra Cooperative Bank. Unity Bank is in the process of acquiring the assets and liabilities of PMC Bank under RBI’s resolution for the bank. Prior to being appointed as the independent chairman of Unity SFB, Rai has been the chairman of Banks Board Bureau, a body that advises the central government on top-level appointments at public sector banks and ways to address bad loans. He was also associated with IDFC Limited, the holding company of IDFC First Bank. Rai was the independent director at IDFC for two terms “…(Rai’s) his vast experience as a board member in several public sector banks and private banks will help in building a strong foundation and shaping the long term strategy at Unity Bank, for customer delight through a seamless digital banking experience”, the bank said in a statement. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Digital Editor

IDFC Investments

23 Investments

IDFC has made 23 investments. Their latest investment was in CloudSEK as part of their Series A on December 12, 2021.

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IDFC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/3/2021

Series A

CloudSEK

$7M

Yes

5

1/25/2019

Private Equity

Citykart Retail

$15M

Yes

2

1/7/2019

Series B

Zolo

$30M

Yes

7

9/4/2017

Private Equity

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$99M

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10

4/26/2017

Private Equity

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10

Date

12/3/2021

1/25/2019

1/7/2019

9/4/2017

4/26/2017

Round

Series A

Private Equity

Series B

Private Equity

Private Equity

Company

CloudSEK

Citykart Retail

Zolo

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Amount

$7M

$15M

$30M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

2

7

10

10

IDFC Portfolio Exits

7 Portfolio Exits

IDFC has 7 portfolio exits. Their latest portfolio exit was MediBuddy (merged with DocsApp) on June 04, 2020.

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

6/4/2020

Merger

5

4/7/2019

Acq - Fin

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10

1/30/2019

Divestiture

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10

4/30/2018

Divestiture

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10

8/31/2017

Divestiture

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10

Date

6/4/2020

4/7/2019

1/30/2019

4/30/2018

8/31/2017

Exit

Merger

Acq - Fin

Divestiture

Divestiture

Divestiture

Companies

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Valuation

Acquirer

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Sources

5

10

10

10

10

IDFC Fund History

2 Fund Histories

IDFC has 2 funds, including IDFC Alternatives Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/12/2017

IDFC Alternatives Fund IV

$100M

1

10/9/2014

India Infrastructure Fund II

$99M

10

Closing Date

1/12/2017

10/9/2014

Fund

IDFC Alternatives Fund IV

India Infrastructure Fund II

Fund Type

Status

Amount

$100M

$99M

Sources

1

10

IDFC Partners & Customers

5 Partners and customers

IDFC has 5 strategic partners and customers. IDFC recently partnered with Parampara Capital on August 8, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

8/12/2019

Partner

Parampara Capital

India

IDFC Alternatives partners with Parampara Capital to start early-stage fund

`` Their financial services expertise in India and particularly their private equity investment experience will add a lot of value and help IDFC-Parampara fund to become a leading technology early stage capital fund in India , '' said Venkat Vallabhaneni , general partner at Parampara Capital .

1

7/25/2012

Partner

Africa Finance Corporation

Nigeria

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10

6/15/2011

Partner

Africa Finance Corporation

Nigeria

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10

12/16/2010

Partner

Natixis

France

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10

Vendor

Financial Software & Systems

India

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10

Date

8/12/2019

7/25/2012

6/15/2011

12/16/2010

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Parampara Capital

Africa Finance Corporation

Africa Finance Corporation

Natixis

Financial Software & Systems

Country

India

Nigeria

Nigeria

France

India

News Snippet

IDFC Alternatives partners with Parampara Capital to start early-stage fund

`` Their financial services expertise in India and particularly their private equity investment experience will add a lot of value and help IDFC-Parampara fund to become a leading technology early stage capital fund in India , '' said Venkat Vallabhaneni , general partner at Parampara Capital .

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Sources

1

10

10

10

10

IDFC Team

7 Team Members

IDFC has 7 team members, including current Chief Financial Officer, Rupa Vora.

Name

Work History

Title

Status

Rupa Vora

Chief Financial Officer

Current

S.g. Shyam Sundar

Senior Managing Director

Current

Satish Mandhana

Managing Partner

Current

Parkash Y. Karnik

Managing Director

Current

Luis Miranda

ChrysCapital, HDFC Bank, HSBC, Citibank, KPMG, and PwC

Chief Executive Officer

Former

Name

Rupa Vora

S.g. Shyam Sundar

Satish Mandhana

Parkash Y. Karnik

Luis Miranda

Work History

ChrysCapital, HDFC Bank, HSBC, Citibank, KPMG, and PwC

Title

Chief Financial Officer

Senior Managing Director

Managing Partner

Managing Director

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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