Stakeboat's second fund eyes control-oriented deals, scaled up firms

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₹50-300 crore, an increase from the ₹15-50 crore range observed in Fund I," he said. The fund managers will now primarily look at more matured, scalable companies with a focus towards profitability as a key factor for evaluation of a company.

“We are now focusing on entities with revenues ranging from ₹80-100 crore and a prerequisite of profitability," Kandasamy said. The PE fund, however, has decided to evaluate more sub-sectors within its three core areas of investment.

The fund has mostly dealt with investments in healthcare, industrials and manufacturing, and B2B. “Within these three large sectors, we have identified more than 70 distinct sub sectors where we will pursue potential opportunities." Within the healthcare sector, the fund is likely to bet on multi-specialty or single-specialty areas, equipment and consumables, information technology, wellness, diagnostics, analytics, and other allied services.

In B2B space, it would be looking at niche IT services, knowledge process outsourcing (KPOs), software products and subscription-based services, among others. The fund will now be working closely with the founders on various aspects of the business.