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Investments

23

Portfolio Exits

3

Funds

4

About Vedanta Capital

Vedanta Capital is a venture capital firm formed in 2006. The firm was formed by industry veterans who have been investing in technology, health care and consumer-oriented opportunities since the 1980s. Vedanta looks for technology-based products and services that leverage, enhance or complement the network infrastructure; innovative medical technologies and compounds; and disruptive business or consumer services.

Vedanta Capital Headquarter Location

540 Madison Avenue 38th Fl.

New York, New York, 10022,

United States

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Latest Vedanta Capital News

Loan Frame raises Rs 15 Cr seed funding led by Parag Saxena & William Campbell

Jan 12, 2017

    Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space. The investors in the round include Parag Saxena , co-founder of Vedanta Capital, William Campbell , former chairman of Visa International and Toos Daruvala, co-chief executive of MIO Partners, an internal investment arm of global consultancy McKinsey and Co. Saxena is also the founding general partner of private equity firm New Silk Route. The Singapore-headquartered fin-tech startup provides a marketplace platform to lenders and SMEs, facilitating both secured and unsecured loans for the later, ranging from Rs 5 lakh-Rs 50 crore, according to a senior executive of the company. The Indian subsidiary, which is based in Gurgaon, is called Frame Technology Marketing Services. “We are looking to do about Rs 1,000 crore over the next two years… There is a huge opportunity here The gap is massive, and lending to SMEs has dropped, with the formal banking system seemingly hesitant to do new lending,” said Shailesh Jacob, chief executive, Loan Frame. Founded in 2015 by Jacob, Rishi Arya and Akshun Gulati, Loan Frame currently has about 10 lenders on board, which are a mix of private sector banks and non-banking financial companies. Jacob also said that the startup was in conversation with a public sector bank to onboard the latter on to the platform. “SME lending is at the core of industrial business development. You have to reach out to SMEs and they are often a good risk,” Campbell told ET. The former Visa International chairman was also an early investor in big data analytics company Mu Sigma. This is the second entrepreneurial venture for Jacob. The Gustavus Adolphus College alumni was previously part of research and analytics firm Copal Partners, which was acquired by Moody’s Corp in 2011. Prior to that he had had a stint with technology investment banking Piper Jaffray. According to Jacob, Loan Frame, which launched the beta version of its loans marketplace platform last year, can provide a wide range of products to potential borrowers, including, working meeting, overdraft and cash credits, amongst others. “Digital transactions will go up significantly, as a greater number of people become part of the formal banking system, which will, in turn, expand our reach,” Jacob said. The investment in Loan Frame is the latest transaction by venture capital backing a lending platform in India. In December, data-driven, fin-tech startup Indifi Technologies raised $10 million (Rs 66.5 crore) in a fresh round of funding, which was led by Omidyar Network, while the dsame month also saw IndiaLends mop up a Rs 26.6 crore investment round, led by American Express Ventures, the corporate venture investment arm of American Express Co. A report by Credit Suisse last year said the global online lending spaces a $600 billion opportunity, and is expected to grow 5 times over the next 10 years and potentially touch $3 trillion.  

Vedanta Capital Investments

23 Investments

Vedanta Capital has made 23 investments. Their latest investment was in TAUC3 Biologics as part of their Option/Warrant on November 11, 2020.

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Vedanta Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/3/2020

Option/Warrant

TAUC3 Biologics

$0.15M

Yes

1

5/21/2020

Series A

BlackBoiler

$3.2M

Yes

5

9/20/2019

Seed VC

Raksha Health

$5.5M

Yes

6

8/18/2014

Series A

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$99M

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10

3/5/2013

Series D

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$99M

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10

Date

11/3/2020

5/21/2020

9/20/2019

8/18/2014

3/5/2013

Round

Option/Warrant

Series A

Seed VC

Series A

Series D

Company

TAUC3 Biologics

BlackBoiler

Raksha Health

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Amount

$0.15M

$3.2M

$5.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

5

6

10

10

Vedanta Capital Portfolio Exits

3 Portfolio Exits

Vedanta Capital has 3 portfolio exits. Their latest portfolio exit was ChannelInsight on October 20, 2015.

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

10/20/2015

Acquired

1

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

10/20/2015

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

10

Vedanta Capital Fund History

4 Fund Histories

Vedanta Capital has 4 funds, including McCoy Investments III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/21/2019

McCoy Investments III

Fund Of Funds

$49.55M

2

12/31/2012

McCoy Investments II

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$99M

10

2/8/2010

Vedanta Opportunities Fund LP

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$99M

10

12/31/2007

McCoy Investments I

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$99M

10

Closing Date

2/21/2019

12/31/2012

2/8/2010

12/31/2007

Fund

McCoy Investments III

McCoy Investments II

Vedanta Opportunities Fund LP

McCoy Investments I

Fund Type

Fund Of Funds

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Status

Amount

$49.55M

$99M

$99M

$99M

Sources

2

10

10

10

Vedanta Capital Team

3 Team Members

Vedanta Capital has 3 team members, including current Founder, Chief Executive Officer, Managing Partner, Parag Saxena.

Name

Work History

Title

Status

Alessandro Piol

Founder

Current

Parag Saxena

TiE Tri-State, Invesco, and Citigroup

Founder, Chief Executive Officer, Managing Partner

Current

Lawrence E. Posner

General Partner

Current

Name

Alessandro Piol

Parag Saxena

Lawrence E. Posner

Work History

TiE Tri-State, Invesco, and Citigroup

Title

Founder

Founder, Chief Executive Officer, Managing Partner

General Partner

Status

Current

Current

Current

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