Latest news with #PixelSkyCapital
Entrepreneur
2 days ago
- Business
- Entrepreneur
PixelSky Capital Raises INR 150 Cr in First Close, Eyes INR 400 Cr Fund
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. PixelSky Capital, a secondaries-focused investment fund backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has raised INR 150 crore in its first close. The fund is targeting a total corpus of INR 400 crore. The firm said that it has already deployed capital into two late-stage startups. It invested around INR 40 to 45 crore each in beauty platform Purplle and logistics company Porter, both valued at about USD 1 billion. PixelSky intends to make at least three additional secondary investments in the coming quarters. Its third deal is expected to be evaluated during the October to December period. The fund is primarily focused on acquiring secondary stakes in new-age businesses that are close to profitability. It is also considering opportunities in firms that may pursue public listings in 2026 or 2027. The target range for investments is in companies valued between USD 300 million and USD 1.5 billion. PixelSky's limited partners include prominent domestic family offices and high-net worth individuals. Among them are the Kothari Family of DSP Group, India Quotient's Anand Lunia, Sony Entertainment Television cofounder Jayesh Parekh, and several startup founders. IndigoEdge co-founder Zerin Rahiman and Ahuja, formerly a senior executive at private equity firm New Silk Route, will jointly lead the fund. Secondary transactions have gained momentum in recent months. Notable deals include a USD 40 million investment by Canada's Ontario Teachers' Pension Plan in HR software unicorn Darwinbox, a INR 480 crore funding round in direct-to-consumer brand The Sleep Company split between primary and secondary, and Porter's USD 200 million secondary round led by Kedaara Capital and Wellington Management.
Time of India
3 days ago
- Business
- Time of India
PixelSky Capital raises Rs 150 crore in first close, targets Rs 400-crore corpus
Synopsis PixelSky Capital, backed by IndigoEdge and Hitesh Ahuja, has secured Rs 150 crore in its first close, targeting a Rs 400-crore corpus. The fund has already invested in Purplle and Porter, allocating Rs 40-45 crore to each at a $1-billion valuation. PixelSky aims to invest in companies valued between $300 million and $1.
