Mastermind JPIN announces the first close of its maiden SME focused fund at INR 40 crores/ USD 5 Mn

Mastermind JPIN Capital Partners Fund announces the first close of its maiden SME focussed – Mastermind JPIN SME Growth Fund at INR 40 crore (USD 5 Mn.).

With a target size of INR 100 crores (USD 12.5 Mn.), (green shoe of another 50 Crore (USD 6 Mn.) Mastermind JPIN Capital Partners Fund is a collaboration of Mastermind Financial Services, a leading business advisory, and investment banker, and JPIN – who are Building the World’s Most Trusted Venture Capital & Growth Platform, headquartered in London, UK. The fund is sector agnostic, targeting a hybrid of wealth preservation and wealth creation opportunities in profitable, established businesses experiencing hypergrowth within the SME sector. With the teams’ strong, two-decade-long track record of SME investments and successful exits, the fund aims to invest INR 5 to 20 crores (USD 0.6 – 2.5 Mn.) in businesses having a minimum turnover of INR 40 crores (USD 5 Mn.).

The fund saw participation from family offices and high-net-worth individuals (HNIs) marking 40% subscription in the first close, double the target within a span of 6 months.

Commenting on this milestone, Manish Ladage, Founder & Director, Mastermind said, “We have been serving the Indian SME segment for more than 2 decades and therefore understand the nuances required to make a success story- for both the businesses and the investors. Our first closure is a testament of our investors’ confidence and we aim to close the remaining 60% in the next 3-6 months.”

Manish is backed by 39 years of rich experience in Audit, Taxation, Wealth Management, Corporate Financial Restructuring, International Business & Taxation, and over 2 decades of investment experience.

Founded in 1995, Mastermind Financial Services has been providing SMEs in India with access to capital and expert counsel, enabling them to further accelerate their growth and expansion. With more than 20 portfolio exits to their credential, Mastermind is renowned for generating returns in the range of 5x- 20x. Some of their noteworthy investments and exits include- Wellness Forever (20x), RBL Bank (15x), Dynacons Systems & Solutions (16x), Nobel Hygiene (17x), and more.

Launched in collaboration with JPIN, the Mastermind JPIN Capital Partners Fund comprises a seasoned team of experts with

• Sponsors– CA Manish Ladage and CA N.R Parameswaran as Founders of Mastermind, CA Kamal Johari – Director & Founder of Nobel Hygiene Pvt. Ltd. And CA Dhruv Mehta – Chairman at Sapient Wealth Advisors
• Advisory Board: Nayan Gala and Gaurav Singh as Founders of JPIN and Kamlesh Gangar, Advisor, JPIN

Nayan Gala, Founder, of JPIN, comments on the collaboration, “India has a tremendous focus on SMEs as it directly employs a population of nearly 110 million. The Union Budget 2023 saw a record allocation of Rs. 22,138 crores to the SMEs along with new credit guarantee schemes, thus reiterating the growth potential of this sector. Through this strategic collaboration with Mastermind, we are keen to become a leading player in the India SME segment.”

Throwing light on the teams’ evaluation process, Gaurav Singh, Founder, JPIN, said, “In addition to funding, providing guidance and support to entrepreneurs is critical. While on one hand, it’s key we onboard investors with the right intention and ethos, equally important is for us to pick businesses that are disruptive, sustainable, and impactful, generating good VC returns.”

Dhruv Mehta, Chairman at Sapient Wealth Advisors – managing portfolios of INR 12000+ Crs., commented that “Alternate Investment Funds (AIF) as an asset class are becoming very popular with Family offices and UHNIs who are ready to take a slightly long term investment view to make extra IRR on their investments which such AIFs’ are able to offer.”

For more details or media queries, contact

Mastermind Financial Services: Akshay Ladage/ akshay@mastermindfinance.com

JPIN: Ashwathi G /ashwathi@jpin.co

About Mastermind

Mastermind Financial Services Private Limited has been in business advisory services and financial consulting since 1995. Mastermind’s strength has been to identify and work closely with emerging enterprises and adopt a proactive approach towards structuring of innovative financial solutions and growth strategies. Over last 20 years, have led various investments in unlisted SMEs through its HNIs network and delivered extraordinary returns.

About JPIN

JPIN (www.jpin.co) is a venture capital and growth platform headquartered in London, with a significant focus on India. With a global investor base of more than 2000, including leading single-family offices, UHNIs, and large private investors, who joined us in our journey of start-up investments, JPIN is one of the leading players in building the UK-India growth corridor.