Investment firm Oister Global has floated a new fund worth $53 million (Rs 440 crore) to fuel innovations across consumption-driven and emerging technology-led sectors.
The new fund—Oister India Pinnacle Fund (OIPF), which includes a Rs 190-crore greenshoe option, will target investments in fund houses across early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds, the firm said in a statement.
Founded by Rohit Bhayana and Sandeep Sinha, Oister has previously invested in funds like Blume Ventures and Stride Ventures.
“Oister Global’s new fund is strategically designed to capitalise on India’s consumption-driven growth,” said Rohit Bhayana, Co-CEO and co-founder.
“Oister India Pinnacle Fund is a versatile blend of venture capital, growth equity, and private equity, enabling us to capture value across various stages of a company’s lifecycle. This approach ensures strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India’s dynamic startup ecosystem. Additionally, it allows us to reinforce success by providing follow-on capital to portfolio winners,” he added.
In the next two years, Oister aims to pump in Rs 4,500 crore into the country’s venture capital and private equity ecosystem. It also plans to launch a private credit fund in the next quarter.
