InCred Growth Partners Fund (IGPF - I)
INVESTMENT THESIS
IGPF-I will target a significant alpha through investments in high quality private businesses across Consumer, BFSI, Tech and Enterprise segments, taking minority stakes in growing as well as late-stage businesses, with an aim to exit through an IPO/Strategic sale
KEY FUND METRICS
FUND LAUNCHED
November 2023
AIF CAT-II SEBI
TARGET FUND
SIZE
INR 500 cr
SECTOR FOCUS
Consumer,
BFSI,
Tech,
Enterprise
MULTI-STAGE
To invest in both growth and late stages
2 DEALS
CONSUMMATED
1 Growth stage and
1 Late stage
FUND LIFE
6 Years
PORTFOLIO
PURPLLE
Description
Founded in Mumbai, Purplle is an Omnichannel Beauty & Personal Care player housing an online vertical marketplace and several brands
Founders / Promoters
Manish Taneja,Rahul Dash and
Suyash Katyayani
Started in
2011Stage
Late
Stage
Industry
Consumer / Tech-EnabledCompany
BIRYANIBY KILO
Description
Founded in NCR, BBK is a Biryani and North Indian Cuisine focused cloud kitchen with 100+ outlets across 45+ Indian citiesFounders / Promoters
Kaushik Roy andVishal Jindal
Started in
2015
Stage
Growth Stage
Industry
Consumer / QSR
TEAM
Managing Partner & Chief Investment Officer
Part of Key Investment Team
Vivek brings in 20 years of investment experience, having consummated 20+ investments across the Consumer, BFSI, Tech, and Enterprise space. As part of the key investment team, he was instrumental in building the Avendus Future Leaders Fund franchise previously.
Senior Vice President
Rachit brings 11+ years of Investments & Corporate Development experience focused on the BFSI space across organizations such as ICICI Bank, Edelweiss and InCred, with focus on Strategic Investments, M&A and Fundraise, especially amongst Fintechs in Lending and Wealth Management.
Analyst
Amay has 4 years of deal making experience, having previously worked with Investment banking and M&A practices of PwC and EY, working on deal across Consumer and Industrials sectors.
Sr Manager Ops
Ishita has 12+ years of experience in fund operations and compliance having previously worked at Avendus’ Ops and Compliance team, and other marquee firms specializing in compliance
Recommendation Committee
Bhupinder Singh
Founder of InCred group,
Ex-Co Head of Deutsche Bank Corporate Banking and Securities APAC
Vivek Singla
MD & CIO of IGPF-I,
Ex-Avendus FLF, CLSA, Kotak, StanC
Skanda Jayaraman
Ex MD & Head of Spark Capital,
Former Head of Investment Banking at Spark Capital
CONTACT US
Our Private Equity Fund is designed to back high quality and high performing privately owned firms. Our Fund
focuses on three themes namely consumer, financials and technology/enterprise. The capital raised helps
companies traverse the journey from scaling to scaled stage as well as provides timely liquidity solutions to
their stakeholders.
Our Purpose
The fund is designed to:
i) Foster entrepreneurship,
ii) Generate targeted returns for our investors and
(iii) Bring together the founder and investor communities.
Portfolio Construction by Stage – Indicative
Growing Stars 
Primary or primary/secondary combination stakes in high growth stage companies.
- Series B/C
- Lesser mortality risk
- Growth to drive returns
- Exit via secondaries
50-75% of AUM
Glowing Stars
Secondary or opportunistic stakes in established companies at undemanding valuations.
- Series D onwards
- Ability to command a premium in capital markets
- Ease of liquidity via IPO or secondaries
25-50% of AUM
We will invest in 7-8 high quality, high performing and high conviction companies
Quick Links
InCred Alternative Investments Private Limited
Registered Office: Unit No 1203, 12th Floor, B Wing, The Capital, C-70, G Block, BKC, Bandra (E),
Mumbai – 400051
Phone: +91-22-6844 6100
Email:enquiries@incredamc.com
CIN: U65990MH2022PTC377781
The Asset Management business for InCred is catered through two entities, InCred Asset Management Private Limited and InCred Alternative Investments Private Limited. Both these entities are Investment Managers under SEBI (Alternative Investment Funds) Regulations, 2012. InCred Asset Management Private Limited is also registered as Portfolio Manager with SEBI Regn. No. INP00007410.
InCred Alternative Investments Private Limited is an Investment Manager to InCred Alternative Opportunities Trust (“IAOT”) and InCred Alternative Investments Trust (“IAIT”).
InCred Credit Opportunities Fund- I, InCred Growth Partners Fund- I and InCred Credit Opportunities Fund-II are schemes under IAOT.
Constitution: IAOT has been set up as a Trust under the Indian Trusts Act, 1882 and is registered with SEBI as a Category II Alternative Investment Fund vide registration no. IN/AIF2/22-23/1111 dated August 01, 2022. Trustee: Catalyst Trusteeship Limited | Sponsor: InCred Capital Financial Services Private Limited.
InCred Liquid Alternative Fund- I and InCred Dynamic Equity Asymmetric Returns Fund are schemes under IAIT.
Constitution: IAIT has been set up as a Trust under the Indian Trusts Act, 1882 and is registered with SEBI as a Category III Alternative Investment Fund vide registration no. IN/AIF3/22-23/1253 dated March 27, 2023. Trustee: Catalyst Trusteeship Limited | Sponsor: InCred Capital Financial Services Private Limited.
