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Holani Group secures Rs 184 crore for SME-focused venture capital fund

Funding Alert

Holani consultants, a Jaipur-based merchant banker and stockbroker, has successfully raised Rs 184 crore for its new venture capital fund targeting SMEs. The total target of the fund is Rs 300 crore and it was launched at the end of April this year. With Securities and Exchange Board of India (SEBI) approval for its Alternative Investment Fund (AIF) earlier this year, Holani Group has now ventured into fund and investment management.

The new fund, according to Holani Group, includes a green shoe option that allows it to retain an additional Rs 100 crore. Ashok Holani, Director, Holani Consultants, expressed optimism about the fund’s potential impact, saying, “With our sector-agnostic strategy, careful research and prudent risk management, we aim to create long-term value for our clients while supporting innovation, entrepreneurship and entrepreneurship. economic growth of India through our fund.

Holani Venture Capital Fund Category I AIF is managed and sponsored by Holani Capital Advisors LLP. It encourages a variety of individuals and entities to invest, including high net worth individuals, corporations, institutional investors, financial institutions, family offices, insurance companies, foreign investors and other alternative investment funds.

Holani Consultants is known for offering services such as IPO Management, Business Valuation Advisory, Financial Management & Advisory, Bank Financing, Brokerage and other Securities Market Related Advisory Services. The company has an impressive track record, having supported valuations for over 100 private placement transactions and handling SME IPOs on the BSE SME and NSE Emerge platforms.

Holani Group’s new venture capital fund is one of the few in India that primarily focuses on the SME sector. This initiative comes in the wake of significant efforts by various institutions to support the SME segment. The Ministry of Small and Medium Enterprises currently operates a Rs 50,000 crore Self-Reliant India fund managed by SBICAP Ventures (SVL), the private equity arm of State Bank of India (SBI), focused on equity investments in small and medium enterprises.

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Additionally, in March this year, the Small Industries Development Bank of India (SIDBI) launched a new $120 million Avaana Sustainability Fund (ASF) to invest in emerging startups and small and medium enterprises. This fund focuses on technology-based innovation that drives climate solutions and sustainability in India.

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