The Holani Group introduced a Rs 300 crore SME-focused Venture Capital Fund on April 27, 2024, in Jaipur. Within one month, the fund received Rs 184 crore.
The Holani Group entered fund management and investment after receiving SEBI approval for its Alternate Investment Fund registration on April 3, 2024. This approval allows the group to operate as an Equity Fund house and accept investor money for the Indian equity markets. The fund also includes a green shoe option to retain an additional Rs 100 crore.
“We are thankful to all the investors for the faith shown by them and parking Rs 184 crores in just one month of the launch of our fund. We stand by our commitment to empower SMEs and fuel their growth. With our sector-agnostic strategy, meticulous research and prudent risk management, we aim to create long-term value for our clients while fostering innovation, entrepreneurship and economic growth of India through our fund,” said Ashok Holani, Director of Holani Consultants.
The Venture Capital Fund, known as Holani Venture Capital Fund Category I AIF (Alternate Investment Fund), is an Indian growth capital private equity fund managed and sponsored by Holani Capital Advisors LLP. The fund is now registered under SEBI as a Category I AIF – Venture Capital Fund.
The fund offers investment opportunities to individuals, high-net-worth individuals, corporates, institutional investors, financial institutions, family offices, insurance companies, foreign investors, and other permissible investors.
Holani Consultants Private Limited, based in Jaipur, Rajasthan, is a SEBI-registered Merchant Banker and Stock Broker.
