The IIFL Fintech Fund, an early-stage investment fund focused on fintech startups, reported an impressive 9.5x revenue growth across its portfolio within an average holding period of 1.5 years.
Established with a corpus of INR 210 crore, the fund has invested in 14 companies, none of which have failed. Notably, 40% of these firms are EBITDA positive, and the fund achieved its first exit with an 80% IRR in less than 18 months. The fund's overall portfolio boasts a 24% IRR and a TVPI of 1.35x. IIFL's strategy involves a collaborative approach, providing not just capital but also support in product development, business strategies, and financial discipline. This method has enabled the fund to outperform sector averages significantly, driving growth and innovation in the fintech sector in India
