Chanakya Fund Surpasses ₹100 Crore: A Milestone for SMEs
The Chanakya Opportunities Fund, led by Kresha Gupta, has surpassed ₹100 Crore, marking an important achievement for India’s small and medium-sized businesses (SMEs). Launched in 2023, the fund is dedicated to supporting India’s growing entrepreneurial sector, particularly SMEs in manufacturing, consumer products, and technology.
Supporting India’s SMEs
In line with the Indian government’s Make in India initiative, the Chanakya Fund is committed to improving the global competitiveness of SMEs. The fund has already invested in over 15 pre-IPO companies and more than 20 anchor investments, helping important industries expand. The fund, which also included an additional green shoe option of ₹100 crore, further increases its investment capacity.
Investment Strategy for Long-Term Success
The Chanakya Opportunities Fund plans to invest in 25 selected companies, with each investment between ₹2 Crore and ₹10 Crore. These companies are chosen based on their potential for growth and success. Importantly, 51% of the fund’s money is allocated to unlisted SMEs, enabling them to prepare for a listing on the SME exchange through small-ticket IPOs.
A Bright Future for Indian SMEs
As India continues to prioritize its entrepreneurial ecosystem, the Chanakya Opportunities Fund stands as an important force for the growth of SMEs across multiple sectors. By providing necessary financial support and strategic guidance, the fund aims to help these businesses compete at the global level. The long-term impact of this initiative will create new opportunities, encourage innovation, and ultimately strengthen India’s position as a hub for small and medium-sized businesses.
