Investment firm Oister Global has begun investments of ₹440 crore through the Oister India Pinnacle Fund (OIPF) to fuel India's consumption boom and sunrise sectors.
The ₹440 crore fund, which includes the ₹190 crore greenshoe option, targets investments in fund houses across early (pre-Series A, Series A), growth (Series B, C), and late-stage (Series D onwards) venture capital and private equity funds.
"Oister Global's new fund is strategically designed to capitalise on India's consumption-driven growth," said Rohit Bhayana, Co-CEO and Co-Founder. “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. This approach ensures strategic diversification, enabling Oister to capture opportunities across the entire spectrum of India's dynamic start-up ecosystem. Additionally, it allows us to reinforce success by providing follow-on capital to portfolio winners,” he added.
As India’s economy diversifies and per capita incomes rise, new investment opportunities emerge in the expanding consumption sector. With disposable incomes growing at 8 per cent in FY24 and 13.3 per cent the year before, a burgeoning middle class is driving India’s consumption landscape.
This growth, coupled with advancements in deep tech and climate tech, presents opportunities for AIFs to invest in innovative brands catering to evolving consumer preferences. This not only taps into a growing pool of capital but also positions AIFs favorably to benefit from India's economic growth driven by increasing consumer demand and diversification.
Since its inception, Oister Global has aimed to identify and back top-tier fund managers with attributable track records and the potential for replicability of performance, as per a company statement. Oister’s former investments include marquee funds like Blume Ventures and Stride Ventures.
Looking ahead, Oister Global envisions powering India's alternative landscape with the Oister India Pinnacle Fund. In the next two years, Oister aims to inject ₹4,500 crore into India’s VC/PE ecosystem and plans to launch a private credit fund in the next quarter.
