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Private Equity
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Investments

14

Portfolio Exits

3

Funds

11

About IDFC Private Equity/ IDFC Project Equity

The firm is a private equity investor and a fund of funds. It focus only on infrastructure.

IDFC Private Equity/ IDFC Project Equity Headquarter Location

Naman Chambers C-32, G-Block, Bandra Kurla Complex

Mumbai, 400 051,

India

91 22 4222 2000

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Latest IDFC Private Equity/ IDFC Project Equity News

Inflexor Ventures strikes debut bet with investment in Endiya-backed Steradian

Nov 4, 2020

By SHARE Inflexor Ventures, an early-stage venture capital firm, said Wednesday it has invested in deep-tech startup Steradian Semiconductors Pvt. Ltd to mark its debut bet from its new fund. Venkat Vallabhaneni, managing partner at Inflexor Ventures, said in a statement the VC firm sees Steradian’s technology play a vital role in the automotive industry as the world moves towards higher levels of automation. The financial details of the transaction were not disclosed. Inflexor’s fund has a typical ticket size ranging between Rs 3 crore and Rs 10 crore. The development comes after VCCircle reported in June that Steradian had raised Series A funding from new and existing investors. US-based Renesas Electronics America Inc and Aaruha Technology Fund had come in as new investors, and existing investor Endiya Partners also participated in the funding round. Steradian was founded in early 2016 by Ashish Lachhwani, Gireesh Rajendran, Apu Sivadas, Rakesh Kumar and Alok Joshi. The company initially was operating with grants received from organizations such as US chipmaker Qualcomm. It had developed a device—a compact 28nm millimeter-wave imaging radar chip—that will help autonomous vehicles detect obstacles in all weather conditions. The company’s founders have expertise in radar and wireless systems. They previously worked at companies such as Texas Instruments and Qualcomm, and hold over 50 patents. In 2019, VCCircle reported that Nasdaq-listed Visteon Corporation bought a minority stake in the deep-tech startup. Inflexor Ventures The VC firm had marked the first close of its fund at Rs 230 crore in Septemer. The Inflexor Technology Fund is a Securities and Exchange Board of India-registered alternative investment vehicle and is targeting a full corpus of Rs 500 crore. The new fund is sector-agnostic with a focus on investing in companies leveraging technology intellectual property across sectors such as health-tech, fintech, consumer-tech, cleantech, ed-tech and agri-tech. The Inflexor Ventures team consists of managing partners Vallabhaneni and Jatin Desai, who co-founded Parampara Capital. Pratip Mazumdar, a former IDFC executive, has also joined Inflexor Ventures as a partner. Parampara Capital had set up its debut fund, Parampara Early Stage Opportunities Fund, in 2015. In 2017, the VC firm had roped in IDFC Alternatives, the private equity arm of IDFC group, in the fund. IDFC Alternatives had a strategic commitment to the fund including participation in the fund’s investment committee and advisory board. It had also marked IDFC Alternatives entry into early-stage investing.

IDFC Private Equity/ IDFC Project Equity Investments

14 Investments

IDFC Private Equity/ IDFC Project Equity has made 14 investments. Their latest investment was in Gowardhan as part of their Private Equity on April 4, 2015.

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IDFC Private Equity/ IDFC Project Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/21/2015

Private Equity

Gowardhan

$29.78M

No

Motilal Oswal Private Equity, and Undisclosed Angel Investors

1

10/15/2013

Growth Equity - II

Medi Assist Healthcare

$19.98M

Yes

1

9/17/2012

Growth Equity - II

Gowardhan

$0.9M

Yes

1

2/8/2012

Growth Equity - II

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$99M

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10

7/22/2011

Growth Equity

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$99M

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10

Date

4/21/2015

10/15/2013

9/17/2012

2/8/2012

7/22/2011

Round

Private Equity

Growth Equity - II

Growth Equity - II

Growth Equity - II

Growth Equity

Company

Gowardhan

Medi Assist Healthcare

Gowardhan

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Amount

$29.78M

$19.98M

$0.9M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Motilal Oswal Private Equity, and Undisclosed Angel Investors

Sources

1

1

1

10

10

IDFC Private Equity/ IDFC Project Equity Portfolio Exits

3 Portfolio Exits

IDFC Private Equity/ IDFC Project Equity has 3 portfolio exits. Their latest portfolio exit was Gowardhan on May 19, 2016.

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

5/19/2016

IPO

1

00/00/0000

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10

00/00/0000

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10

Date

5/19/2016

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

Acquirer

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Sources

1

10

10

IDFC Private Equity/ IDFC Project Equity Fund History

11 Fund Histories

IDFC Private Equity/ IDFC Project Equity has 11 funds, including IDFC Private Equity Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/12/2017

IDFC Private Equity Fund IV

Expansions & Growth

$100M

1

10/5/2016

IDFC Score Fund

REAL Estate

$114.33M

1

10/9/2014

IDFC Indian Infrastructure Fund II

REAL Assets

$900M

1

3/20/2014

IDFC Real Estate Yield Fund

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$99M

10

2/24/2014

IDFC Domestic Mezzanine Debt Fund

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$99M

10

Closing Date

1/12/2017

10/5/2016

10/9/2014

3/20/2014

2/24/2014

Fund

IDFC Private Equity Fund IV

IDFC Score Fund

IDFC Indian Infrastructure Fund II

IDFC Real Estate Yield Fund

IDFC Domestic Mezzanine Debt Fund

Fund Type

Expansions & Growth

REAL Estate

REAL Assets

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Status

Amount

$100M

$114.33M

$900M

$99M

$99M

Sources

1

1

1

10

10

IDFC Private Equity/ IDFC Project Equity Team

9 Team Members

IDFC Private Equity/ IDFC Project Equity has 9 team members, including current Chief Executive Officer, MK Sinha.

Name

Work History

Title

Status

MK Sinha

Chief Executive Officer

Current

Satish Mandhana

Managing Partner

Current

Vikram Limaye

Managing Director

Current

Chetan K Dave

Chief Executive Officer, President

Former

Luis Miranda

President

Former

Name

MK Sinha

Satish Mandhana

Vikram Limaye

Chetan K Dave

Luis Miranda

Work History

Title

Chief Executive Officer

Managing Partner

Managing Director

Chief Executive Officer, President

President

Status

Current

Current

Current

Former

Former

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