TYPE OF FUNDING: Fundraising (PE Fund II)
FUND DOMICILE: India (Asia)
TOTAL FUND CORPUS: USD 300 Million

FUND HIGHLIGHTS:
The target is founded by individuals who formerly constituted NEA India, an investment advisory firm for NEA, USA. The founding team consists of members who have worked together for 10+ years, have a cumulative investing experience of 50+ years and come with deep operating experience prior to investing. The team together have invested ~$300M across a portfolio of 16 companies while at NEA India, which is on track to generate a ~3.0x gross multiple.

OTHER KEY POINTS
* Industries: Disruptive(44%), Healthcare(24%), Enterprise(15%), Consumer(17%) were the sectors in Fund I
* Largest LP is a Fund backed by Family offices of US based technology entrepreneurs, and others include US & European Fund of    Funds, Govt of India backed Fund of Funds program, Leading Indian life insurance company and Family offices from India.

INVESTMENT HIGHLIGHTS:
* The commitment period is 4+1 years and hurdle rate is 8%.
* Investors got an exit MoC of 3.6x and IRR of 16-18% on Fund I.
* The minimum commitment is $1 Million and $3 Million for Institutional investors.