Oister Global Launches ₹440-Crore Fund to Fuel Emerging Technologies and Sunrise Sectors in India
Oister Global, a leading investment firm, has announced the launch of a ₹440-crore fund to support emerging technology-led innovations and sunrise sectors in India. The fund, which includes a ₹190-crore greenshoe option, will target investments in various stages of venture capital and private equity funds.
Founded by Rohit Bhayana and Sandeep Sinha, Oister Global aims to identify and back top-tier fund managers with a proven track record of success. The firm’s previous investments include renowned funds like Blume Ventures and Stride Ventures.
Rohit Bhayana, Co-CEO and Co-Founder of Oister Global, stated that the new fund is strategically designed to capitalize on India’s consumption-driven growth. With the country’s economy diversifying and per capita incomes rising, new investment opportunities are emerging in the expanding consumption sector.
The fund, named Oister India Pinnacle Fund, will focus on venture capital, growth equity, and private equity investments to capture value across various stages of a company’s lifecycle. This approach will enable Oister Global to diversify strategically and capitalize on opportunities in India’s dynamic startup ecosystem.
In the next two years, Oister Global plans to inject ₹4,500 crore into India’s VC/PE ecosystem and launch a private credit fund in the upcoming quarter. The firm aims to deepen its presence in India’s alternative investment landscape and benefit from the country’s economic growth driven by increasing consumer demand and diversification.
Overall, Oister Global’s new fund signifies a significant investment in India’s future and showcases the firm’s commitment to supporting innovative businesses and sectors in the country.