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Jupiter Capital: Jupiter Capital to launch $150 million fund – Times of India

Bengaluru: Jupiter Capital, that . had a family office Rajeev Union Minister of State for Electronics and Information Technology Chandrashekhar converts into a special fund with investment focus mother-in-law companies.
David abiqjiroJupiter Capital will launch a $150 million fund called J1 Capital, said Jupiter Capital’s executive director and chief investment officer. The first is planned to be close to $50 million in the first quarter of 2022-23.
“Jupiter Capital aspires to become a $1 billion asset manager in seven years and be recognized as a global top investment firm. We are targeting disruptive B2B startups that build on India’s strong technology ecosystem to build global products. We will invest early in the company’s lifecycle, typically in the pre-Series A and Series A rounds where the company has a complete product, customer traction and insight into unit economics. We are a partner in multiple families for J1 Capital attached to the office.”
Prior to Jupiter Capital, Abikazir worked with a $6 billion fund, CDC IXIS Private Equity, focusing on tech companies in Europe and the US. “Rajeev is an advisor on the board. We want to build an institution, not remain a family office.” Jupiter Capital will invest $1 million to $10 million in each portfolio company. with sizes of $350 million and $500 million respectively.
There are over 1,000 companies in the Indian SaaS industry, with over 150 companies generating annual recurring revenue (ARR) of over $1 million. a NASSCOM The report states that pure-play SaaS firms have the potential to grow collectively to $13-$15 billion by 2025, from the current $2.5 billion. There are many mother-in-law unicorns in India, including Zoho, Freshworks, Postman, highradius, Druva, and isurtis.
“Indian companies today account for less than 3% of the $100 billion global SaaS market. India has a large number of B2B SaaS startups that are poised for massive growth. But lacking market insight and customer reach 95% of Indian B2B startups fall in the flat line due to ARR (Annual Recurring Revenue) of less than $10 million,” Abikzir said.

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