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Oister Global launches Rs 440 cr fund to boost India’s consumption driven sector

By IANS

New Delhi, April 29: Oister Global, which invests in private equity (PE) and venture capital (VC) funds, on Monday announced a Rs 440 crore fund (including Rs 190 crore greenshoe option) to back both established consumption driven sectors and emerging technology led innovative sectors.

With disposable incomes growing at 8 percent in FY24 and 13.3 percent the year before, a burgeoning middle class is driving India’s consumption landscape.

“The new fund is strategically designed to capitalise on India's consumption driven growth," said Rohit Bhayana, Co-CEO and Co-Founder, Oister Global.

In the next two years, Oister aims to infuse Rs 4,500 crore into India’s VC/PE ecosystem and plans to launch a private credit fund in the next quarter.

“Oister India Pinnacle Fund is a versatile blend of venture capital, growth equity, and private equity, enabling us to capture value across various stages of a company's lifecycle,” said Bhayana.

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