Tribe Capital India and domestic financial investor Oister Global have joined forces to launch a secondary-focused investment franchise in India. The collaboration aims to deploy $500 million over the next two years, targeting growth and late-stage startups, providing liquidity to early investors and a gateway for new investors into some of the country’s most promising ventures.
The rising popularity of secondary transactions in India is evident, with $7.7 billion worth of deals taking place over the last four to five years. This amount is comparable to the total funds raised through IPO exits during the same period, highlighting secondaries as a significant exit route for early-stage investors like angel investors and micro VCs.
Secondary buyouts allow early investors to cash out while offering fresh capital to fuel startup growth. The increasing demand for such transactions has led to a surge in secondary deals in 2024. Some prominent beneficiaries of these transactions include leading companies like Lenskart, Meesho, Shadowfax, Urban Company, Fibe, Porter, Wow! Momo, Visit Health, and Purplle.
Tribe Capital India, which has investments in notable companies like Apollo.io, Shiprocket, Blackbuck, and Docker, is also exploring potential stakes in emerging firms such as BatterySmart, Rivigo, and Zypp Electric. Meanwhile, Oister Global has a strong track record of backing venture equity and debt funds, including Blume Ventures and Stride Ventures.
As India’s startup ecosystem matures, secondary deals are emerging as an essential liquidity mechanism, fueling growth and providing much-needed capital for scaling businesses. Tribe Capital and Oister Global’s new fund aims to further solidify this trend, driving greater opportunities for both investors and startups.
