Saha Fund, has efficiently exited its funding in JoulestoWatts Enterprise Options Pvt. Ltd. (J2W), realizing an distinctive 40× return.

The fund mentioned the deal ranks amongst India’s most profitable buybacks lately. Come up Ventures, a brand new fund launched by Saha Fund founder Ankita Vashishtha, is constant the funding technique with a Rs 500 crore fund centered on enterprise, client expertise and well being care expertise.

Based in 2015 by Vashishtha, Saha Fund was India’s first women-focused expertise enterprise fund, backing women-led and technology-driven companies. Saha Fund invested in JoulestoWatts in 2016, figuring out its potential to assist Fortune 500 corporations construct and broaden World Functionality Facilities (GCCs) by means of a technology-driven strategy.

JoulestoWatts, a woman-led firm, now companions with greater than 300 GCCs and 70% of Fortune 500 purchasers throughout data expertise, banking, monetary companies, insurance coverage and well being care sectors.

“Our funding in JoulestoWatts was pushed by the assumption that India’s expertise expertise fashions have been ripe for disruption. The corporate’s progress into a number one participant within the house, and the result of this exit, reinforce our strategy of backing founders early and supporting them by means of each stage of their journey,” mentioned Ankita Vashishtha, Founder and Managing Accomplice of Come up Ventures (beforehand Saha Fund).

JoulestoWatts has grown from a boutique consultancy right into a digital enterprise platform that makes use of AI–powered facilities of excellence to supply options in AI, cybersecurity, cloud computing, SAP and knowledge analytics.

The corporate mentioned it has reported a tenfold year-over-year income improve, 50% progress in consumer acquisitions, and a workforce of greater than 5,000 consultants.

Priti Sawant, Founder and CEO at JoulestoWatts, mentioned, “Our 40× A number of on Invested Capital (MOIC) on JoulestoWatts is a robust validation of our early confidence in Priti and her imaginative and prescient for the corporate,” mentioned Vashistha. “It additionally reinforces our dedication to supporting women-led enterprises which are shaping the way forward for expertise and innovation in India.”

With over 50 investments throughout three funds, Come up Ventures’ portfolio consists of unicorns equivalent to Licious, Uniphore, Fitternity (now CultFit), and Phenom.