Client-focused enterprise platform Hearth Ventures right this moment introduced the ultimate shut of its fourth fund with a corpus of Rs 2,265 crore ($253 million), raised via its reward metropolis feeder fund and India grasp fund.

Hearth Fund IV has secured commitments from a diversified base of Indian and International buyers, together with US College Endowments; International Sovereign funds like Abu Dhabi Funding Authority (ADIA), Funding Company of Dubai (ICD); Outstanding Monetary Establishments like HarbourVest, Waterfield, Constancy Worldwide; Client Companies & Households like Sharrp Ventures, Mirabilis, Emami Restricted; and Founders from throughout the ecosystem.

Kanwaljit Singh, Founder & Managing Companion, Hearth Ventures, stated, “Fund IV provides us the chance to proceed doing what we worth deeply — working with founders who’re constructing India’s subsequent era of iconic shopper manufacturers. The setting round us is evolving quick, however the ideas of constructing enduring manufacturers stay the identical: readability of function, a pointy view of the patron, and laser sharp give attention to execution.”

To help portfolio corporations, the agency has additionally established a Centre of Excellence offering steering in areas together with go-to-market technique, model constructing, ESG and company improvement.

Primarily based on IRR (INR) and DPI (INR), Hearth Fund I is ranked 1st out of 11 funds that have been thought of below classic 12 months 2018 of Class I funds of CRISIL AIF Benchmarks as of September 30, 2024. Throughout the platform, Hearth’s portfolio contributes over $1.6 billion in income and greater than $7 billion in market worth, with a number of corporations now working at Rs 500 crore+ scale.

Notable investments embrace Honasa Client (Mama Earth, Derma Co and so on), boAt, The Sleep Firm, Frubon, The Good Bug, Slurrp Farm, Candy Karam Espresso, Inito, Pilgrim, Effectively Being, Moxie, New Me and Traya.

Since its inception in 2017, Hearth has been the primary institutional investor in over 74% of its portfolio corporations and right this moment backs 60+ shopper manufacturers. With Fund IV, Hearth’s whole property below administration (AUM) until date stands at Rs 5,300 crore ($650 million).