Indian VC firm Orios Venture Partners closes third fund at $30m

Orios Venture Partners managing partner Rehan Yar Khan. Photo: Orios

Venture capital firm Orios Venture Partners has reached the final close for its third technology fund at $30 million, it announced on Friday.

Capital for Select Fund I was raised from multiple family offices and institutions, the firm said in a statement.

Orios had closed its previous early-stage funds in 2015 and 2018.

The latest fund focuses on investments in new commerce, technology-led financial inclusion, new media, gaming, consumer and agritech, among other areas. It invests between $4 million and $8 million per company and primarily makes follow-on investments in existing portfolio companies, with capital reserved for backing late stage to pre-IPO companies.

“2021 will go down in history as the year India’s tech IPO story started. With our portfolio company Nazara having IPOed and, Pharmeasy and MobiKwik on course to an IPO, along with half a dozen other companies, we are tremendously excited about what the future holds,” said Orios managing partner Anup Jain.

So far, the fund has invested in Series D and E rounds of online medical store Pharmeasy, which is planning to go public in the next nine months. It is also an investor in direct-to-consumer dairy brand Country Delight, car services startup GoMechanic and fintech startup Mobikwik.

“Our proprietary #Misfits program graduates companies into Series A and the Select Fund aims to continue that partnership in the midstages to take the companies to unicorn valuations and IPOs, all along creating alpha returns for our LPs,” said Orios managing partner Rehan Yar Khan.

The firm’s portfolio companies include gaming company Zupee, agritech company Krishify, digital health company Beato, retail tech company Gully Network, fintech company MoneyOnClick and EV-battery-as-a-service company Battery Smart.

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.

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.