Stellaris Celebrates $300M Fund Closure and Appoints New Partner
Funding | Nov 28, 2024 | Stellaris Advisors LLP
Stellaris Advisors LLP, a private equity firm, has announced the close of its third fund, amassing $300 million aimed at supporting early-stage entrepreneurs in India and those targeting global markets. This new fund maintains Stellaris's previous strategy, focusing primarily on technology and technology-enabled sectors. Since its establishment, the firm has backed 44 tech startups with a strong inclination towards inception-stage businesses. Notable successes include Mamaearth, a consumer brand that went public, and Whatfix, a digital adoption platform with a recent substantial funding round. Stellaris's portfolio also features investments in emerging sectors such as EV financing, credit solutions, AI SaaS, and direct-to-consumer brands. The firm's management team sees the growth of India's startup ecosystem as pivotal, with increased deal flow and a surge in repeat entrepreneurs. In alignment with these developments, key promotions and appointments within Stellaris have been announced, underscoring their commitment to continue supporting transformative technologies and innovative founders.
Sectors
- Private Equity
- Technology
- Venture Capital
Geography
- India – The primary focus of Stellaris Advisors LLP's investments and activities is in the Indian market.
- Global Markets – Stellaris aims to invest in companies building for both Indian and global markets.
Industry
- Private Equity – The article discusses Stellaris Advisors LLP, a private equity firm, and their investment activities.
- Technology – The primary focus of Stellaris's investments is in technology and technology-enabled sectors.
- Venture Capital – Stellaris's activity in backing early-stage startups and entrepreneurs places it within the venture capital industry.
Financials
- $300 million – The size of Stellaris Advisors LLP's third fund aimed at early-stage investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stellaris Advisors LLP | Private Equity Firm | Company | A PE firm focusing on early-stage investments in the technology sector in India. |
| Naman Lahoty | Partner | Person | Promoted as Partner at Stellaris, with a focus on consumer investments. |
| Chetan GMS | Chief Financial Officer | Person | Previously SVP Finance at Stellaris, now appointed as CFO. |
| Preseedha Premnath | General Counsel | Person | Appointed as General Counsel at Stellaris Advisors. |
| Vardhan Dharnidharka | Investment Principal | Person | Joined Stellaris as an AI/ML engineering leader, previously based in New York. |
| Mamaearth | Portfolio Company | Company | A consumer brand that Stellaris was an early backer of, which went public recently. |
| Whatfix | Portfolio Company | Company | A digital adoption platform in Stellaris's portfolio, recently raised a significant Series E round. |
| Turno | Portfolio Company | Company | An EV financing startup backed by Stellaris. |
| Kiwi | Portfolio Company | Company | Credit-on-UPI provider supported by Stellaris. |
| Orbitshift | Portfolio Company | Company | An AI SaaS company within Stellaris's investment portfolio. |
| CARPL.ai | Portfolio Company | Company | An AI SaaS company backed by Stellaris. |
| Goodscore | Portfolio Company | Company | Credit improvement platform supported by Stellaris. |
| Nestasia | Portfolio Company | Company | A D2C consumer brand that Stellaris has invested in. |