Nippon India Digital Innovation AIF invests INR 50 Cr in Endiya Partners Fund II New Investment enables Japanese institutions, corporates to access and leverage digital innovation from Indian Startups (01)Endiya Fund II has received an investment of INR 50Cr from the Nippon India Digital Innovation AIF Fund. The Partnership with Nippon’s Digital Innovation Fund will provide Endiya portfolio companies with financial and strategic support resulting in increased access to growth opportunities and sustainable scalability. #NipponIndia #Endiyafund #Digitalinnovation #NAMindia #Nipponlifeinsurance Nippon India Digital Innovation AIF (NIDIA), a Fund of Funds, is a true example of collaboration targeted under the India-Japan Digital Partnership with the encouragement and support of the prime ministers of both countries. It is managed by Nippon Life India AIF Management Limited (NIAIF), a 100% subsidiary of Nippon Life India Asset Management Limited (NAM India). Nippon Life Insurance (NLI) owns 75% of NAM India. (01 end) (02)The FoF plans to invest in approximately 15-20 venture capital funds in India. The FoF shall invest across multiple horizontals like robotics & automation, internet of things (IoT), artificial intelligence, machine learning, consumer technology, etc & various verticals like manufacturing, EV’s, automobiles, financial services, healthcare, education, eCommerce, retail, pharma, etc Endiya Partners is a seed and early-stage venture capital firm investing in IP led Indian product start-ups that are globally relevant. Endiya’s current portfolio includes Darwinbox, Steradian Semiconductors, Kissht, SigTuple, and Myelin Foundry.(02 end) (03)Limited Partners in the Fund include financial institutions, corporates, and family offices across India, Europe, and the U.S. Endiya Fund II will seek to invest in 16 – 20 start-ups, with an initial cheque size of US$ 500,000 to US$ 1 million in Seed/Pre-series Rounds and a planned investment of up to $5 million per company. Founded in 2016 by Sateesh Andra, cardiologist-turned-investor Ramesh Byrapaneni, and Abhishek Srivastava, Endiya added Abhiram Katta to its top deck in 2018 and most recently expanded its Investments team by hiring Dipesh Chawla and Lakshmi Kancharla.(03 end) (04)Endiya’s investment strategy addresses a funding gap in the venture capital spectrum in India between Angel and Series A investments, enabling entrepreneurs to find a value accretive partner to further the development of their vision to build a sustainable business model. While industry averages state that 30% of seed deals go on to raise follow on capital, 75% of Endiya’s Portfolio has raised follow on rounds. This affirms the team’s ability to successfully identify and co-create globally scalable early-stage startups. Endiya Fund II most recently received a commitment of INR 75Cr ($10M approx.) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional US$ 10 million for direct co-investments alongside Endiya Fund II.