Amicus has so far invested in 12 companies such as RenewBuy, mCaffeine, Awign and MoEngage. It has exited one and plans to invest in 10-12 startups from the second fund with an average ticket size of $10-15 million.
The firm, which has assets of $155 million under management, was launched in 2015 by Mahesh Parasuraman, a former director at Carlyle, and Sunil Vasudevan, former partner at True North. Parasuraman, partner and co-founder at Amicus, spoke to VCCircle about the firm's investment principles and strategy. Edited excerpts:
What's your investment thesis?
The focus is to invest in companies once their business model is proven. So, the risk we're taking as a fund is the scalability of the business. There are four key pillars that form our investment thesis.
The first one is picking capital-efficient businesses. This has been our thesis since the beginning, which means that (we invest in) businesses with great metrics and are profitable or are very close to profitability.
Diese Geschichte stammt aus der September 25, 2023-Ausgabe von Mint Mumbai.
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