Playbook Partners, a Growth Capital firm focused on Digital India, has marked a first close within four months having raised over $130 million through established global investors from Europe, the US, the Middle East, and India.
In response to strong institutional investor interest, the fund is using the green shoe option and can grow up to $250 million. Playbook will partner with growth-stage, tech-enabled businesses in large addressable markets that have meaningful scale, healthy operating margins and high growth.
Vikas Choudhury, Founder & Managing Partner, Playbook, said, “Powered by a 5x growth in the digital economy to over $1 Trillion, India will account for over 15% of the entire global economic growth over the next decade. Our purpose is to fuel India’s aspirational growth and transformation at scale. Our playbook isn’t just to fund, but to forge – capital, relationships, and strategic insight – necessary for visionary companies to master the art of scale, and institutionalize their leadership position. Our global investors’ trust and momentum is an endorsement of our differentiated strategy and its alignment with the market opportunity.”
Playbook Partners is an Operator-Driven Growth Capital (GC) firm for Digital India. Headquartered in Mumbai, it invests in growth-stage, tech-enabled businesses that have demonstrated positive unit economics and are sustainably scaling to market leadership.
Founded by Vikas Choudhury, who has been a renowned business leader at multinational public companies such as Reliance Jio, Aimia Inc., and a JV with the Tata Group.
He also has over two decades of investing experience and his portfolio includes 10 unicorns, IPOs and exits such as InMobi, Myntra, Fractal, PolicyBazaar, Nazara, among others. He is an alumnus of Harvard Business School and an award-winning photographer.
Playbook’s senior investing team includes Dushyant Singh (Ex McKinsey & Co) and Sumit Jain (Ex Sistema Asia Capital and Kalaari Capital). Its Operating Partners include Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education) and Milan Sheth (Ex Automation Anywhere), who have come in through their family offices or in their personal capacity.
Its Advisory Board includes eminent leaders such as Naveen Tewari (InMobi), Nitish Mittersain (Nazara), Sushil Jiwarajka (Ericsson), Dileep Choksi (Ex Deloitte), and Priti Rathi Gupta (Anand Rathi Group) who bring invaluable expertise, having led successful large scale businesses across sectors.
