Playbook Partners Closes First Round of Funding, Raises Over $130 Million
Playbook Partners, a growth capital firm, has successfully closed its first round of funding, raising over $130 million from global investors across Europe, the US, the Middle East, and India. The firm has secured a green shoe option, which allows it to grow its fund size to up to $250 million.
Focus on Investing in Tech-Enabled Businesses
Founded and led by Vikas Choudhury, Playbook Partners will partner with growth-stage, tech-enabled businesses operating in large addressable markets. The firm will invest in companies that have positive unit economics and are sustainably scaling to market leadership. By combining capital with capability, the firm aims to help companies using a blended data-driven and strategic approach.
Supporting Digital Transformation in Aspirational India
Playbook Partners will target digital transformation themes such as distribution and disruption, driving consumption and innovation in aspirational India. Choudhury, who has invested in numerous successful companies, including 10 unicorns, IPOs, and exits like inMobi, Myntra, and Nazara, aims to replicate this success through his new venture.
Strong Team with a Track Record of Success
The firm’s senior investing team includes Dushyant Singh and Sumit Jain, both of whom have extensive experience in investing and scaling businesses. Playbook Partners also has a team of operating partners, including Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education), and Milan Sheth (ex Automation Anywhere), who have come on board through their family offices or in their personal capacity.
Potential for Further Growth
With a strong team and a clear strategy, Playbook Partners is well-positioned to make a significant impact in the growth capital space. As the firm continues to raise funds and invest in promising companies, it is likely to grow and become a major player in the Indian startup ecosystem.
