PC: VCCircle
Great news has come out of the Playbook Partners corridors, the growth capital firm that announced a big milestone with the first close of over 130 million dollars in its latest funding round. The fund has support from a wide group of global investors across Europe, the US, the Middle East, and India, testimony to the firm’s appeal and potential at the global level.
This means that with the green shoe option, Playbook can extend that fund size up to $250 million-very much in line with a pretty bold vision and appetitive for growth. It’s about to team up with growth-stage and tech-enabled companies operating in really expansive markets, positioning itself as a strategic partner for companies ready for scale and great impact.
At the helm of Playbook Partners is the visionary Vikas Choudhury, an accomplished leader with a history of success in the investment world. Playbook, under his tutelage, targets growth-stage investments in technology-enabled companies that demonstrate positive unit economics and a clear path to continue their rise toward market leadership. The firm goes over and above-thecall by offering more than just capital; rather, it offers strategic guidance and data-driven insights to fuel growth and success for its portfolio of companies.
The key investment premise for Playbook embraces digital transformation themes of distribution and disruption that create a sharp focus on fostering consumption and driving innovation in aspirational India’s dynamic landscape. Through an appropriate balance between strategic vision and operational excellence, Playbook seeks to emerge as an active player in shaping the future in the region for tech-enabled businesses.
Most enviable is his portfolio, with a succession of success stories: 10 unicorns, two renowned IPOs, and several exits. Companies such as inMobi, Myntra, Fractal, Nazara, PolicyBazaar, Rapido, among others, stand as testament to Playbook’s ability to identify and nurture high-potential ventures toward remarkable growth and success.
Leading the vision of Playbook further in the front are experienced investment professionals like Dushyant Singh and Sumit Jain, who have brought a wealth of expertise and insight into the industry. Beyond this core team, the firm also maintains a slate of high-profile operating partners that includes Manish Choksi of Asian Paints, Aakash Chaudhry of Aakash Education, and Milan Sheth of Automation Anywhere, among others, all of whom have supported the firm through family offices or personal investments that add even more depth and breadth to Playbook’s ecosystem.
As Playbook Partners navigates toward realizing full fund potential and undertaking strategic partnerships with promising ventures, the firm’s commitment to growth, innovation, and market leadership remains unrattled. Thus, with a solid foundation, a visionary leadership team, and a robust network of strategic partners, Playbook is well-positioned and will indeed make an enduring mark in the technology-enabled enterprise landscape both within and outside India.
