TLDR:
- Orios Venture Partners plans to raise $150-200 million for its fifth sector-agnostic fund next year.
- The firm aims to invest in early-stage startups across various sectors, including SaaS, agritech, and healthtech.
Orios Venture Partners, a Mumbai-based venture capital investor, is working towards deploying the remaining capital of its fourth fund by early next year. The firm intends to start raising funds for its fifth sector-agnostic fund in the middle of 2025, with a target of $150-200 million to invest in India’s startup ecosystem. Orios is open to investing in startups in all sectors, with a focus on early-stage companies with check sizes ranging from $1-2 million. The firm has already invested nearly half of its $150 million fourth fund in startups such as Varaha and Lendbox.
Orios’s first fund was launched in 2014 and backed 18 companies, including successful investments in companies like Country Delight and PharmEasy. The firm has returned 1x to its LPs with expectations of increased returns in the upcoming years. Orios also set up an opportunities fund of $30 million in 2021 to re-invest in emerging winners like Country Delight and PharmEasy. The firm plans to continue focusing on the domestic startup ecosystem, despite the trend of investing in global tech companies.
While facing challenges with portfolio companies like GoMechanic and PharmEasy, Orios has emphasized the importance of corporate governance and frequent audits. The firm is also optimistic about India’s quick commerce sector’s growth, planning to support associated entities like logistics companies and technology-enablers in its upcoming funds. Orios believes in supporting domestic startups that solve problems specific to the country while also exploring global interests cautiously.
In conclusion, Orios Venture Partners is poised to continue its investments in early-stage startups across various sectors, highlighting the potential for growth and success in India’s flourishing startup ecosystem.
