This relationship makes Equanimity as the only fund in India which is associated with Dr. Mark Mobius since his retirement from Franklin Templeton Investments.
As a member of the IC, Dr. Mobius will be actively helping to evaluate investment proposals, directing investment and exit decisions and reviewing the overall portfolio on an ongoing basis. He is also a key investor in the fund.
"We are truly delighted and proud to have the wisdom and experience that Dr. Mark Mobius brings in to sharpen our investment process and build a portfolio of early stage companies that can be truly global in their business. Having Dr. Mark Mobius as the anchor investor as well as Investment Committee member takes Equanimity further along its planned path of being the pre-eminent AIF platform in India," said managing partner, Equanimity Investments, Rajesh Sehgal.
"Equanimity intends to be the vehicle that brings lucrative early stage investments to our investors thereby enhancing their portfolio returns in a manner that optimises the overall risk-return profile. Businesses that we invest in get unparalleled insights and mentoring in addition to Equanimity unlocking global markets for them," he added.
Sharing his views, Dr. Mark Mobius said, "I am excited about the investment opportunity in the Indian early stage ecosystem. Equanimity is the ideal partner given the team's strengths, their focus, credibility and most importantly, their experience".
Equanimity is a sector agnostic fund that invests in early stage companies, which use technology as their backbone, ensuring scalability and sustainability of their business models.
The fund invests in start-ups, emerging or early stage venture capital undertakings mainly involved in new products, new services, technologies, intellectual property rights based activities or companies that are pursuing innovative business models. The fund horizon will span seven years, extendable by two years. (ANI)