Former Jio President Vikas Choudhury Rolls Out $250 Mn Growth-stage Fund Playbook Partners
The fund will focus on tech-first companies with a revenue base between Rs 100 crore and Rs 200 crore
Former Reliance Jio President, Vikas Choudhury, has launched a new growth-stage fund, Playbook Partners, according to media reports. The fund has made its first close at USD 130 million and is targeting a total size of USD 250 million.
According to media reports, Playbook Partners has secured funding from large institutional investors across Europe, the US, West Asia, and India. The fund will focus on tech-first companies with a revenue base between Rs 100 crore and Rs 200 crore.
The average ticket size for Playbook’s investments will range between $10 million and $20 million, according to media reports. The fund aims to lead or co-lead investment rounds, particularly in sectors like consumer, fintech, and supply chain that are augmented by digital innovation.
Choudhury, according to media reports, emphasised that Playbook will support sustainable businesses with strong growth potential, operating in areas such as health, climate, and SaaS. The fund recently received its SEBI license and was registered at Gift City in Gandhinagar.
