With PharmEasy, MobiKwik and ixigo all set to hit the public market, Orios plans to go deeper into pre-IPO bets
Orios Venture Partnershas already invested in IPO-bound MobiKwikand ixigothis year.
- It has also been an early investor in PharmEasy that plans to go public in a year.
- Apart from pre-IPO deals, Orios would be looking to close 12 early-stage deals by March 2022.
The firm had also announced the final close of its $30 million
In the first half of 2021, Orios Venture Partners has placed its bets on companies like Mobikwik and ixigo that have filed preliminary papers for their IPOs in the last one month. So far, it has invested an average amount of $1 million-$3 million in each of these companies.
The investment firm will be looking to close more such pre-IPO deals in the coming years.
“This is an opportunistic play for us."
These sectors would include travel, BFSI (banking, financial services and insurance), health, logistics, agriculture, gaming and online marketplaces. The larger theme around investments in these segments would be finding companies that are building products for the next billion users, Jain added.
One of Orios’ bets was
"Seeing the entire momentum [of digital adoption and growth of businesses], the ecosystem of companies progressing towards IPO, and learning from Pharmeasy, which is our own portfolio company from the seed stage, we thought to expand our horizons as a fund to take advantage of this bunch of companies that are highly successful and dominant. [The development would enable Orios] to take advantage of their late stage IPO plans and create value for our shareholders for our investors,” Jain.
"Apart from the pre-IPO deals, Orios would also be looking at closing about a dozen early stage deals across sectors by March 2022. "
Its portfolio has invested in over 70 companies such as agritech company Krishify, gaming company Zupee, retail tech company Gully Network, digital health company Beato, fintech company MoneyOnClick, car servicing platform GoMechanic, dairy products company Country Delight and more.
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