“We are delighted to receive the best BFSI Apex award from Venture Intelligence. Especially since the Apex awards have a unique process where it is voted by the industry, it is the wisdom of the crowds. As growth equity continues its strident growth in India, our laser-sharp focus in a sector will become an even more important driver for fund performance,” said Gopal Srinivasan, Chairman, of TVS Capital Funds in a statement.
TVS Capital Funds is a growth private equity fund and has invested in more than 35 companies across its three funds. The firm is investing currently from their third fund, a Rs 2,000 crore fund. TCF has invested in 15 companies in the financial services space, the most recent being their investments in PhonePe and Insurance Dekho. About 60% of the investments done by the fund till date has been in BFSI. The spectrum of companies ranges from partnerships with new-gen private banks in their infancy stage, small finance banks, NBFCs and more recently technology-driven companies in the space such as Yubi, Digit, Phonepe & Insurance Dekho. Among their financial services portfolio are three unicorns, Five Star, Digit and Yubi.
Its third fund backs top-quality next-gen entrepreneurs piloting technology-driven businesses in financial services and B2B/enterprise services. It empowers them with capability capital and helps them build great businesses. TVS Capital plans to raise its next venture growth fund in 2023.
