Financial Services

Equity Funds

South Asian Regional Apex Fund

The South Asian Regional Apex Fund (SARA) was set up in 1995 with a corpus of Rs 1.1 bn, with a primary focus on growth investments in small and medium enterprises engaged in manufacturing and emerging growth sectors – technology, media and retailing. While it was originally conceived with a development orientation, and had a specific allocation for smaller investments in early stage companies, the portfolio was optimized and since mid-1998, the Fund has invested across technology, media, distribution, biotechnology and telecommunications

SARA is currently invested across 26 companies and is fully committed. The Fund has exited from 19 of its investments, generating a gross return of 15% for its contributors

Key Transactions
India Games Limited
Tejas Networks Limited
Future Software Limited
Shoppers Stop Limited

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