Auxano Capital plans second fund; aims to raise about $100M

Auxano Capital, an early-stage enterprise capital (VC) agency, will increase the scope of its funding exercise with a bigger fund with thematic bets on the broader shifts within the Indian financial system.

The Gurugram-based VC launched its second fund with a possible dimension of round $100 million to put money into early-stage firms and people doubtlessly taking a look at an preliminary public providing (IPO).

Based in 2016 by Brijesh Damodaran Nair and Ashish Padiyar, the VC already has a $25 million fund, from which it has invested in early-stage startups.

Within the subsequent 18 months, there will likely be a large variety of IPOs from the Indian startup ecosystem, and the VC wish to take part on this alternative, Co-founder Nair stated in a dialog with YourStory.

Auxano Capital will proceed its deal with being a sector-agnostic fund. With the second fund, it will additionally take a look at bigger alternatives within the Indian financial system, together with in deeptech, local weather tech, manufacturing, and infrastructure, to call a couple of themes.

Nair believes a number of modifications are occurring within the Indian financial system, together with greater consumption, infrastructure growth, shifts in on-line group, and a rising variety of companies in Tier II and III cities, offering quite a few alternatives for startups to innovate in these areas.

The current setting of a funding slowdown has dropped at the forefront sure modifications, the place governance and sustainable progress have emerged as the important thing priorities for startups and VCs.

Nair stated, “Good alternatives will likely be subscribed quick, and offers get closed quickly.”

Auxano Capital’s portfolio startups embrace the likes of MProfit, Polymatech, Loankuber, Personal Circle, Mugafi, and many others. It has additionally had sure exits, together with a full exit from MilkBasket and a partial exit from Wiom. The VC has invested in 28 startups until now.

Nair stated Auxano Capital continues to stay bullish on its future funding prospects even because it seeks sure exit alternatives from its portfolio of startups.

(The article was up to date with extra portfolio startups.)