BLinC Invest announces the launch of its SEBI-registered fund

India, 19th April 2021- BLinC Invest, one of India’s leading venture capital firms announces the launch of its Rs 100 crore SEBI registered Category-II Alternative Investment Fund (AIF) and its first close of Rs 30 crore. The Fund will achieve its final close before year-end.

Amit Ratanpal, Founder & Managing Director of BLinC Invest, said, “We are thrilled to launch BlinC Fund II. We are inspired by the support we have received from our investors who share our belief that there is immense potential in investing in early-stage companies that harness the power of technology in the Education and Financial services businesses- backbone sectors of any global economy.”

Blinc II will invest in EdTech and FinTech companies that have stable management teams, reasonable traction with market validation, the huge market opportunity in India, and the potential to scale globally.  Investee companies will positively impact 5 million learners and 10 million users in the EdTech and FinTech sectors respectively.

Blinc Fund II builds on the success of its high-performing proprietary fund, founded in 2014, which invested in four companies – 1crowd, Imarticus Learning, Genext Students, and Eduvanz Financing with an average investment of INR 5 Crore. The fund returned 4.5X on the back of successful exits from 1crowd through a secondary transaction, and from Eduvanz through stake sale to large VC firms.

‘BlinC has a unique co-founder approach and works very closely with the management team of the portfolio companies,’ said RK Rangan, Chairman, and Partner of Blinc Invest. ‘While all our investments will be backed by a detailed primary market research and investment opportunity report, we will also pay close attention to the founding team to ensure a shared value system. We want to help build great companies in a space that we think is the lynchpin of future economic growth. And to aid that razor-sharp focus, the fund will have a very concentrated portfolio of 5-7 companies.”

With a combined experience of over 60 years, the Blinc Invest team has collectively founded 8 businesses, invested over 300 crores in 25 companies, and had 8 successful exits. Amit Ratanpal is a Harvard Business School alumnus and a Chartered Accountant with over 20 years of experience across Private Equity, Capital Markets, Asset Management, and Investment Banking. He has advised and managed sizeable investments and exits along with building strong businesses across education and financial services sectors.

RK Rangan is a seasoned business leader with over 30 years of experience in the financial services industry across Investment Banking, Asset Management, Insurance, and Consumer Banking. He is a specialist at strategic development and transformation of businesses and has held President/MD and CEO positions with large global corporates like Prudential and Nomura.

Together, and backed by a young seasoned investing team, a hugely successful proprietary fund as well as an advisory team comprising industry heavyweights like Nikhil Barshikar (Founder & CEO Imarticus Learning), Amit Sevak (Chairman Mindset Global), Lina Asher (Co-founder Kooroboree), and Vishal Tulsian (CEO PT Bank Amar Indonesia), BlinC Invest has acquired deep knowledge in evaluating  EdTech and FinTech investment opportunities. It has discerned investment strategies that drive sustainable financial returns while meeting social impact goals.

 

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