Search company, investor...

Predict your next investment

Private Equity
oijif.com

Investments

9

Funds

3

About Oman India Joint Investment Fund

Oman India Joint Investment Fund (OIJIF) is a private equity fund sponsored by Oman's sovereign wealth fund State General Reserve Fund and India's largest lender State Bank of India.

Headquarters Location

India

Want to inform investors similar to Oman India Joint Investment Fund about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Oman India Joint Investment Fund News

HomeLane Concludes ESOP Buyback Worth Rs 27 Cr For Employees

Dec 22, 2022

HomeLane Concludes ESOP Buyback Worth Rs 27 Cr For Employees This round was initiated as part of its recent Series E investment led by IIFL AMC$B!G(Js Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund) and & Stride Ventures. HomeLane, India's choice for on-time home interiors, today announced (Jits Employee Stock Option Plan (ESOP) buyback worth INR 27 crores. This is the second time ESOPs have been bought back by the company. This round was initiated as part of its recent Series E investment led by IIFL AMC$B!G(Js Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund) and & Stride Ventures. HomeLane provided liquidity to all those who held vested ESOPs including active and former employees. Former employees were offered 100% liquidity, while active employees had the option to exercise up to 35% of their vested ESOPs. However, the active employees liquidated less than 50% of their eligible ESOPs. This ESOP buyback has been a noteworthy feat for the company. The sale proceeds have helped employees in more ways than one, enabling them to use the nproceeds towards buying homes & cars, investing in retirement funds and donating to causes they feel strongly about. Commenting on the buyback, Srikanth Iyer & Tanuj Choudhry, Co-Founders, HomeLane said, $B!H(JWe are deeply humbled by the response of our team, with a majority of them deciding to stay vested in the company through only partial liquidation of their stock options. Our team$B!G(Js conviction and relentless efforts have powered HomeLane$B!G(Js exponential growth. We facilitated the ESOP buyback to acknowledge their enduring contribution. This is our way to express gratitude, by supporting them in their wealth creation journey.$B!I(J The co-founders also added, $B!H(JWe have always believed that a strong vision can only be realized by a great team. As India$B!G(Js largest and fastest-growing home interiors brand, we will continue to invest in high-quality talent across business, product & technology, design and operations, across the country. Despite the temporary resurgence of COVID-19, we are confident that the need for branded home interiors will continue to grow rapidly.$B!I(J It has been a spectacular year for HomeLane, despite the uncertainties of the pandemic. The company$B!G(Js tech and asset-light model allowed the business to scale and record cash profitability in November 2020, making it the only startup in the home interior segment to be so. Growing consumer demand for branded interior services, reduction in fixed costs, increase in average order value, and bundling of supplementary services to its flagship home interior offerings helped the company make its business operations agile. Being able to meet customers virtually has also helped the company become resilient to the challenges thrown up by the current pandemic. Share this article:

Oman India Joint Investment Fund Investments

9 Investments

Oman India Joint Investment Fund has made 9 investments. Their latest investment was in ShopKirana as part of their Series C on January 1, 2022.

CBI Logo

Oman India Joint Investment Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/26/2022

Series C

ShopKirana

$38M

Yes

7

9/9/2021

Series E

Subscribe to see more

$99M

Subscribe to see more

10

12/5/2019

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

1/24/2019

Secondary Market

Subscribe to see more

$99M

Subscribe to see more

10

9/4/2018

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/26/2022

9/9/2021

12/5/2019

1/24/2019

9/4/2018

Round

Series C

Series E

Private Equity

Secondary Market

Private Equity

Company

ShopKirana

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$38M

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

7

10

10

10

10

Oman India Joint Investment Fund Fund History

3 Fund Histories

Oman India Joint Investment Fund has 3 funds, including Oman India Joint Investment Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/6/2018

Oman India Joint Investment Fund II

Diversified Private Equity

Open

$450M

1

1/1/2018

OIJIF Fund II

10

1/17/2017

Oman India Joint Investment Fund I

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

6/6/2018

1/1/2018

1/17/2017

Fund

Oman India Joint Investment Fund II

OIJIF Fund II

Oman India Joint Investment Fund I

Fund Type

Diversified Private Equity

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$450M

$99M

Sources

1

10

10

Oman India Joint Investment Fund Team

1 Team Member

Oman India Joint Investment Fund has 1 team member, including current Chief Executive Officer, Srinath Srinivasan.

Name

Work History

Title

Status

Srinath Srinivasan

Chief Executive Officer

Current

Name

Srinath Srinivasan

Work History

Title

Chief Executive Officer

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.