DSG Consumer Partners ropes in Verlinvest as an anchor investor

Deepak Shahdadpuri-led investment firm DSG Consumer Partners has roped in Belgium-based investment holding company Verlinvest as a Limited Partner in its second fund – DSGCP II, as per a report in The Economic Times.

Verlinvest, which manages assets of about $1 billion,  prefers making direct investments, thus this move is unusual for the company.

This will be the third time that VerInterest will back an Asia-focused fund. It had earlier come on board as a LP in Singapore-based, India-focused mid-market private equity firm Everstone Capital Advisors‘ second fund, and Shanghai-based ClearVue Partners‘ maiden fund.

“For us clearly, India is our largest market in the region, and we are actively looking for opportunities in the country, and that is why we have partnered with Deepak in his latest fund, because we feel that over the next 3-4 years, it will bring us opportunities to back high-growth consumer companies,” Nicholas Cator, executive director at Verlinvest, told The Economic Times.

Apart from Verlinvest, existing backers from the first fund including Sameer Sain, co-founder of Everstone Capital Advisors, Alok Oberoi, co-founder of asset management firm ACPI Investments and Saama Capital founders Ash Lilani and and Suresh Shanmugham, have invested in this latest fund in their personal capacities.

DSGCP II has already started investing from the new investment entity, having participated in a Rs 31 crore funding round in in cold press juice brand, Raw Pressery, last month, along with Sequoia Capital and Saama Capital.

“We are actively working on another half a dozen deals and expect to announce one or two more in the next month or two,” Shahdadpuri said.

He further said that DSGCP II will follow a similar investment theme as that of Fund I, by investing in about 20 early stage companies, across the broader consumer space.

The investment firm counts was one of the earliest investors in online hotel aggregator OYO Rooms, mobile point-of-sale payment services provider MSwipe Technologies and tea retail chain Chai Point,

“We have already returned 47 per cent of Fund I from the proceeds of the full exit in Zipdial and partial exit in OYO Rooms. DSGCP II will have a more traditional offshore VC structure,” Shahdadpuri said.

Also Read:

India: Tea stores chain Chai Point raises $10 million

India: Rakyan Beverages raises $4.5m Series B from Sequoia, Saama Capital & DSG Consumer

India: Everstone LP Verlinvest hikes stake to 8.5% in Future Consumer for $9m

India: GSK Velu sets up two funds worth $175m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.