Merisis Advisors to raise a dedicated startup fund

November 12, 2021
Fintech
Press

Mumbai-based Merisis Advisors, which helped Ola and Ixigo bring in new investors, is raising a dedicated startup fund as it seeks to tap opportunities from the pandemic-aided digital boom.

The fund will likely collect up to Rs 200 crore from a set of global private equity firms and local wealthy individuals or family offices.

Christened Merisis Opportunities Fund, and set up as a category 1 alternative investment fund (AIF), it has already raised about Rs 50 crore from a host of investors, including Bahram Vakil, cofounder of AZB Partners, Dev Bhattacharya, business head at Aditya Birla Group, and several other corporate executives of renowned companies.

The fund is in the process of raising another Rs 150-200 crore. The final figure has not been fixed yet.

The USP of the fund is that it offers individuals and family offices the opportunity to invest along with venture capitals (VCs) in such rounds.

“The fund can be earmarked as an angel investor fund and is not a discretionary setup, which is unique among startup funds,” said Sumir Verma, joint managing director at Merisis Advisors. Post the pandemic witnessed a digital boom, a segment that throws up a whole lot of opportunities. We just want to tap that offering funding solutions.”

Investors would have the flexibility to choose where they put their money based on the structure of the deal. The proceeds will be deployed in Series A or B startups. When a startup establishes financial credentials, like consistent revenue or other performance indicator, it can go for Series A funding. Similarly, B Series funding can be availed of once a startup is set for the next level of growth, coming out of the development stage.

than A Series ones in terms of financial parameters.

“This gives a strong risk mitigation to investors as the risk of not being able to raise capital has been addressed,” said Fazal Ahad, joint managing director at Merisis Advisors. Earlier this week, Falguni Nayar-controlled Nykaa made a blockbuster entry into the stock market with investors witnessing a 78% surge in shares on the listing day. Earlier, Zomato had set the ball rolling amid investor exuberance.

Those have collectively paved the way for more startup fundraising and stock market listings. This in turn, prompted yield-hungry global and local investors to bet on startup stories where India stands on a good stead.

---------------------------------------------------------------------------------------------------------------------------------------

How Merisis can help - Contact Us

If you are an investor, write to us on shreyas@merisis.in

If you are a startup, write to us on social@merisis.in


AUTHORS

No items found.

Suggested READS

2022, a year of intermittent fasting for startups and VCs
Press
TVS Motors acquires 48% stake in Narain Karthikeyan's two-wheeler startup DriveX
Press
Fintech Startups Make Noise in Point-of-Sale Segment
Press
Advised Ola On Its Acquisition Of A Company In Complementary Space
Press
Merisis Advisors advised Neoteric on the acquisition
Press
An Investor’s Guide To Evaluating And Investing In Early-Stage Startups
Press

Suggested READS

Driving Investments: Key trends in transportation and cleantech for 2024
Press
From RegTech to cross-border, fintech trends to watch out for in 2024
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
ET Soonicorns Summit, Panel on 'Road to IPOs'
Press
Fintech Startups Make Noise in Point-of-Sale Segment
Press
Merisis at D2C Global Selling Summit, Bengaluru
Press
Revolutionizing Grooming: How New-Age Brands Are Transforming the Men's Grooming Landscape in India
Blogs
Addressing the Challenges in EV Financing
Blogs
Investment activity in the Technology sector in 2013
Blogs
Merisis joins AICA, to complement its to cross-border expertise.
Blogs
Accenture’s Acquisitive Strategy: Insights and Implications
Blogs
Kwench to raise $4-5 million, with eye on US market
Blogs
No items found.
No items found.