Oister Global launches Rs 440 crore fund to boost India’s VC/PE ecosystem

Investment firm Oister Global has announced the launch of its Oister India Pinnacle Fund (OIPF), with an investment capacity of Rs 440 crore, including a Rs 190 crore greenshoe option.

The fund aims to propel growth across various stages of venture capital and private equity investments, from early stages like pre-Series A and Series A to late stages, including Series D and beyond.

Strategic investment focus

Rohit Bhayana, Co-CEO and Co-Founder of Oister Global, articulated the fund's objective, stating, “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."

He said the approach ensures strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India’s dynamic startup ecosystem.

The fund will target sectors driven by technological innovations and emerging technologies, as well as the burgeoning consumption-driven sectors fueled by India’s economic diversification and rising per capita incomes.

Economic impact and growth prospects

The Oister India Pinnacle Fund is designed to leverage the growing disposable incomes and the expanding middle class in India, which are key drivers of the consumption landscape.

With an 8% growth in disposable incomes in FY24 and a 13.3% increase the previous year, the fund aims to invest in innovative brands that cater to evolving consumer preferences, particularly in the deeptech and climatetech sectors.

Future plans and expansion

Oister Global plans to significantly increase its footprint in India’s VC/PE ecosystem with a projected infusion of Rs 4,500 crores over the next two years.

Furthermore, the firm is set to expand its financial offerings by launching a private credit fund in the upcoming quarter.

Rohit Bhayana highlighted the strategic intent behind these expansions: “Additionally, it allows us to reinforce success by providing follow-on capital to portfolio winners,” thereby emphasizing the firm’s commitment to fostering long-term growth and innovation in the Indian market.