Monday, May 20, 2024

Singularity AMC to remain focused on Consumer Goods, Consumer & Enterprise Technology for its next phase of growth

Our growth strategy remains the same. We will continue focusing on investing growth-capital in technology driven companies such as Consumer Goods, Consumer Technology and Enterprise Technology. And we want to be a part of the India growth
story, Says Yash Kela Founder of Singularity AMC.

Singularity AMC is a multi-product asset management company which is set up with an objective of providing differentiated investment opportunities to large investors across Private Equity (Growth and Late stage) in India.

Currently our nation offers tremendous growth potential. Our long-term growth potential has attracted many investments and investing a lot of capital in India to take advantage of the growth opportunity. According to India Government’s Economic Survey report 2021-2022, India has more than 61,400 start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT). And 14000 of it has been recognised during the fiscal 2022. DPIIT is an annual report card of the economy which explains the performance of various sectors and recommends future.

Today our nation holds a conducive business environment for start-ups. Out of the 555 districts surveyed in India, had at least one start-up has emerged. Our ecosystem has grown multi-fold in the last six years, attributing majorly from the IT and Knowledge based start-ups.

India has become the third-largest start-up eco system in the world after the US and China with more than 44 Indian Start-up achieving the unicorn status in 2021 which makes the total tally of start-up unicorns in India to 83, majorly from the services sector.

Why can’t we be a part of this India growth story? asks Yash Kela. While Singularity AMC’s objective is to be the preferred provider of growth capital and differentiated capital markets access for technology-driven companies. And we will invest in 10-15 future leaders in Consumer Goods, Consumer Technology and Enterprise Technology with large addressable markets, therefore ideal for capital markets outcomes. There is a huge synergy as we can see very less players in this space.

Our focus makes us a differential player in the market. Majority of our transactions are in the B-D space that offers the highest risk-adjusted returns as companies have proven product-market fit.

Singularity AMC, promoted by Singularity Ventures, recently launched Singularity Growth Opportunities Fund-1 (SGOF-I) with an objective of providing Growth Capital to Technology driven companies. The Fund will target a corpus of INR 600 crores, of which 450 Crores+ is raised and 150 Crores is deployed across 6 companies.

Our investment philosophy, theme driven approach, corporate network and the current market conditions both can complement a company which is looking for capital growth in the B-D segment.

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