PROJECT

Projects

Summary of Investment Information

Project Number

39605

Company Name

STELLARIS VENTURE PARTNERS INDIA I

Date SPI Disclosed

May 9, 2017

Country

India

Region

South Asia

Projected Board Date

Jun 12, 2017

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jan 18, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 19, 2017
Signed : Jun 23, 2017
Invested : Mar 23, 2018

Sector

Venture Capital Fund

Project Description

The proposed project is for an equity investment of $10 million in Stellaris Venture Partners India I (“Fund” or “Stellaris I”), a self-managed closed-end fund domiciled in India with a target size of $100 million. The Fund had its first close in Jan 2017 and an expected next close in June 2017. The Fund seeks to focus primarily on Series A and pre-Series A investments in technology and technology-enabled companies in India, and currently has two investments in its portfolio - Whatfix and Wydr.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation