Epiq Capital

Overview

Epiq Capital is a growth and late-stage technology investment firm based in Mumbai, Maharashtra, India. Founded in 2016 by Rishi Navani, a former managing director at Matrix Partners India, Epiq Capital partners with entrepreneurs to scale companies into large, sustainable enterprises. The firm focuses primarily on the technology sector and has successfully raised significant funds to support its portfolio companies. As of 2024, Epiq Capital has managed assets worth several billion dollars and has continued to expand its investment footprint in India.

Recent Developments

  • August 2024: IEQ Capital announced the acquisition of Epiq Capital Group, creating a $32 billion asset management entity. The acquisition enhances IEQ's capabilities with Epiq's experience in providing comprehensive family office services.
  • July 2024: Epiq Capital Group's assets under management (RAUM) were reported at $4.94 billion. This figure includes both current assets and unfunded commitments to their sponsored funds.
  • March 2024: Epiq Capital invested in Zephyr AI during its Series A funding round, which raised $111 million. Zephyr AI focuses on precision medicine, particularly in oncology and cardiometabolic diseases.
  • February 2024: Epiq Capital made an investment in Mswipe Technologies as part of their Series F funding.
  • October 2023: Epiq Capital announced the final close of its second fund at $225 million. This fund is poised to double down on investments in Indian startups, targeting those with potential valuations of $50 billion or more.

Company Information

AttributeInformation
Founding Date2016
HeadquartersMumbai, Maharashtra, India
FoundersRishi Navani
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsVarious global and domestic institutional investors
IndustryInvestment, Private Equity, Venture Capital
Number of EmployeesNot publicly disclosed

Early History

Epiq Capital was established in 2016 by Rishi Navani, leveraging his experience and networks from his tenure at Matrix Partners India, where he co-founded the firm's operations. The firm was envisioned to focus on growth and late-stage technology investments, providing long-term capital to highly scalable businesses within the technology sector. Early fund closures and investments focused on high-potential startups in India laid the groundwork for Epiq Capital's expansive portfolio of tech-driven enterprises.

Company Profile and Achievements

Epiq Capital's business model revolves around investing in high-growth technology startups that display strong potential for scalability and market leadership. The firm is committed to actively supporting the entrepreneurs it partners with through various stages of growth, providing both financial resources and strategic guidance.

  • Major Achievements:
    • Raised its first fund and rapidly made significant investments in technology-driven companies like Lenskart, which has become a significant name in the eyewear market within India and globally.
    • Successfully closed a second fund with $225 million, highlighting strong investor confidence and allowing the firm to increase its market positioning.
    • Epiq Capital's investment strategy includes supporting startups that capitalize on India's digital infrastructure, aligning with long-term growth sectors like ecommerce, digital health, and fintech.
  • Key Investments:
    • Companies such as Lenskart, Nestaway Technologies, and Mswipe Technologies have benefited from Epiq Capital’s investment, helping these firms to expand their operations and market reach.

Current Operations and Market Position

Epiq Capital operates as a significant player in the Indian venture capital landscape, focusing on technology investments. The firm has built a reputable portfolio in sectors such as ecommerce, fintech, and digital health. Its strategic initiatives focus on supporting ventures that leverage India's growing digital economy and consumer market. Epiq Capital’s competitive advantage lies in its deep understanding of the Indian market, its extensive network, and its ability to offer sizeable investments at crucial growth stages, positioning itself as a preferred partner for technology-driven startups.

Conclusion

Epiq Capital has significantly influenced the Indian venture capital space, providing key support to emerging tech companies through substantial investments and strategic guidance. As it enters a new phase post-acquisition by IEQ Capital, it is well-positioned to continue shaping the landscape of India's technology sector. With substantial assets under management and a vision focused on high-potential technologies, Epiq Capital stands out as a robust player in the investment arena, poised for further growth and impact in the evolving market.