Merisis Advisors, a Mumbai-based investment banking firm, is raising a dedicated startup fund as it seeks to tap opportunities from the pandemic-led digital growth.

The fund named ‘Merisis Opportunities Fund‘ will likely collect up to Rs 200 crore from a set of global private equity firms and local wealthy individuals or family offices.

Merisis Advisors | Merisis Opportunities Fund

Set up as a category 1 alternative investment fund (AIF), Merisis Opportunities Fund has already raised about Rs 50 crore from a host of investors, including Bahram Vakil (Co-founder of AZB Partners), Dev Bhattacharya (Business head at Aditya Birla Group), and several other corporate executives of renowned companies.

While the final figure has not been fixed yet, Merisis Opportunities Fund is in the process of raising another Rs 150-200 crore.

Speaking on the development, Sumir Verma, Joint Managing Director at Merisis Advisors, said,

“The fund can be earmarked as an angel investor fund and is not a discretionary setup, which is unique among startup funds. Post the pandemic, we have witnessed a digital boom, a segment that throws up a whole lot of opportunities. We just want to tap that offering funding solutions.”

As per Merisis Advisors, the USP of the fund is that it offers individuals and family offices the opportunity to invest along with venture capitals (VCs) in such rounds while providing investors with the flexibility to choose where they put their money based on the structure of the deal.

The raised money will be deployed in Series A or B startups. Once a startup establishes financial credentials, like consistent revenue or other performance indicators, it can go for Series A funding.

Likewise, the Series B funding round can be availed once a startup is set for the next level of growth, coming out of its development stage.

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