Synopsis
Indian family offices are investing in startups across various sectors to diversify their investments and achieve higher returns. Prominent names like Premji Invest and MEMG have participated in significant funding deals. This trend shows a growing interest in new-age companies, especially those preparing for IPOs. Family offices are now a substantial capital pool for startups. iStock Indian family offices are boosting investments in startups across various sectors, seeking potentially high returns. These investments range from Zepto, a quick-commerce company, to Mintifi, a supply chain financing startup. This expanding interest includes emerging fields like chip technology, robotics, space exploration, and green energy, according to Saurabh Rungta, MD and chief investment officer at Avendus Wealth Management.
Data from Venture Intelligence reveals that family offices, including Premji Invest (Wipro’s Azim Premji’s investment arm) and Manipal Education and Medical Group (MEMG), participated in over 60 funding deals exceeding $1 billion in the past two years. These figures include rounds with both family offices and other investors.
Subhakanta Bal, MD at Rothschild & Co India, explains this trend as diversification. “They want to hold instruments across asset classes. Certain startup investments can give high returns and in that sense, they fall under high reward category. Family offices are now emerging as a very large pool of capital and their share in star
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