Pantomath Financial Services Group, a diversified financial services firm, has achieved the final close of its pre-IPO fund, India Inflection Opportunity Fund (IIOF), securing a substantial INR 500 Crores ($60 Million). Launched last year, the alternative investment fund primarily focuses on pre-IPO investments in growing Indian startups. The fund garnered investments from Indian sovereign funds, global and Indian family offices, and high-net-worth individuals, marking a successful fundraising endeavor for Pantomath.
Key Highlights:
- Investor Mix: IIOF attracted investments from a diverse group of stakeholders, including Indian sovereign funds, global and Indian family offices, and high-net-worth individuals.
- Pre-IPO Focus: Launched as a category II alternative investment fund, IIOF is strategically positioned to invest in growth-stage Indian startups at the pre-IPO stage, contributing to their further development.
- Total Corpus: With the successful close of IIOF, Pantomath now oversees an impressive total corpus of around INR 2,500 Crores, showcasing the firm’s robust presence in the financial services landscape.
- Active Management Approach: IIOF adopts an active management approach, emphasizing growth capital and strategic support for under-researched family-owned businesses on a rapid-growth trajectory.
- Made in India Promise: The fund’s focus extends to companies contributing to the “Made in India” promise by supporting rural consumption, substituting imports, and fostering exports.
Pantomath’s Vision for IIOF:
Madhu Lunawat, one of the founders of Pantomath, expressed the fund’s commitment to under-researched family-owned businesses with significant growth potential. She highlighted the active management strategy, where Pantomath aims to provide not only growth capital but also strategic support to businesses making a substantial impact on society and the environment.
Lunawat outlined the fund’s investment criteria, avoiding ventures with negative cash flows and bleeding balance sheets, while actively seeking businesses aligned with India’s growth story.
Pantomath’s Recent Endeavors:
In a strategic move earlier this year, Pantomath acquired a 75% stake in the global deal-making marketplace, fundgini.com, further diversifying its portfolio.
As Pantomath expands its footprint and reinforces its position in the financial services sector, the successful closure of IIOF marks a significant milestone for the group, aligning with its commitment to supporting promising businesses in the Indian startup ecosystem.
