Endiya Partners, the venture capital firm, is poised to introduce its third fund, targeting a corpus ranging from $100 million to $125 million. This fund will continue to concentrate on sectors like deep tech, health, fintech, SaaS, and will also expand into newer segments such as artificial intelligence (AI).
“We have been actively investing from Fund II, and we anticipate launching Fund III by March. We will commence investments from this fund later this year, aiming to support around 18-20 companies,” stated Sateesh Andra, a founding partner of the firm.
Currently managing two funds, Endiya Partners has directed investments of $7-$8 million towards startups in their growth stages.
“Since the beginning, we have been thematic investors,” explained Andra. “We backed DarwinBox when SaaS wasn’t even a prominent sector. This unique approach allows us to invest thematically, capturing emerging trends in the market.”
The launch of Fund III coincides with multiple VC firms announcing increased focus on AI and SaaS sectors. Just a month ago, alternative investment fund GetVantage established a Rs 250-crore fund to support SaaS and AI startups.
“We will maintain our investments in AI-powered SaaS, semiconductor, and health sectors, but we’re also intensifying our focus on the digital industry as a whole,” Andra added.
Established in 2016, Endiya Partners is an early-stage venture capital firm managing assets worth $100 million.
Currently, the firm is deploying capital from its Fund II into startups operating in sectors such as SaaS, information security, semiconductors, healthcare & life sciences, and financial services.
“When we initiated Endiya, our focus was primarily on B2B. We steered away from ecommerce and D2C ventures, with limited exposure to fintech in our portfolio. Even with our new fund, we continue to prioritize product-focused startups seeking global expansion,” explained Andra.
The firm’s portfolio encompasses a diverse array of companies, including Darwinbox, Cult.fit, Kissht, Sigtuple, Zluri, Qapita, Eyestem, Sugar.fit, Mylo, Scrut Automation, Steradian Semiconductors, Karkinos, Grip Invest, Myelin Foundry, and BluJ Aerospace.
