Playbook Partners to invest $20 million each in 12-15 companies over 2 years
Growth capital firm Playbook Partners intends to invest $20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe.
«With planned investments up to $20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C,» Playbook Partners Founder and Managing Partner Vikas Choudhury said.
«Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth,» Choudhury told PTI.
Commitments to three companies are in the final stages of closing and will be announced over the next quarter, he added.
The former Jio president said he has invested in 75-80 companies and 10 of them became unicorns. Choudhury said he expects another 10 to follow suit, in the likes of Cure Foods, Capillary, UltraHuman, GoQuick, FarMart, Jupiter, and JAR.
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