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Tuesday, 28 June 2022, 12:00 HKT/SGT
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Source: Panthera Growth Partners (PGP)
Panthera Growth to Raise US$250 Million Second Fund to Back Tech Companies
Target for first close achieved

Singapore, June 28, 2022 - (ACN Newswire) - Panthera Growth Partners (PGP), a Singapore-based tech-focused growth investment firm, today announced the first close of its second Fund, having secured commitments for more than half of the target raise. The fund's target has been set at USD 250 million, and is expected to be reached by end of this fiscal year. The fund will offer up to 100% of fund commitments in co-investment opportunities.

Shilpa Kulkarni, Founder and Managing Partner, Panthera Growth Fund

The Fund's investment objective is to partner with next generation consumption and enterprise services businesses with vast growth potential. The Fund's capital will be invested in companies that have achieved product market fit and are seeking to accelerate market growth. The Fund will deploy approx. USD20 million on average in 10-12 individual portfolio companies across India and Southeast Asia.

Backed by institutional investors from India, EU and USA, Fund II will seek to back entrepreneurs who typically employ market transformational ideas propelled by technology. Fund II has been formed to build upon the investment track record and philosophy of the firm by focusing upon investments in growth stage technology-enabled companies that are, or are poised to become, leaders in their respective markets.

Panthera was founded in 2021 and its Fund I, which raised $84 M from global institutional investors, is largely deployed across sector leading companies such as BigBasket, Pepperfry, Zivame, OfBusiness, etc.

Shilpa Kulkarni, Founder and Managing Partner, Panthera Growth Fund, said, "We are a growth equity investor focused on revenue-generating enterprises that are building scalable businesses having achieved product-market-fit. At Panthera, we believe that operating thought partners are as just as important as capital at this growth stage. With our teams' experience of investing and operating companies in the startup ecosystem since more than two decades, we look to support entrepreneurs and management teams as they embark on an ambitious growth journey."

About Panthera Growth Partners

Panthera Growth Partners is a sector specialist investment firm investing exclusively in cutting edge technology leveraged businesses. We are differentiated by our sector specialization, deep network of operational resources and industry relationships, systematic value creation process, and strong execution capability.

For more information, visit www.pantheragp.com

Media contacts:
Mumbai: Snigdha Nair - Snigdha.nair@adfactorspr.com
Singapore: Namrata Sharma - namrata.sharma@adfactorspr.com

Topic: Press release summary
Source: Panthera Growth Partners (PGP)

Sectors: Enterprise IT, PE, VC & Alternatives, ASEAN, Local Biz, Startups
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