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India-based Xponentia Capital Partners' Fund II crosses $120m

Private equity firm says oversubscribed vehicle tops initial $90.4m target

The Red Fort in New Delhi. Xponentia Capital Partners is bullish on India's long-term growth. (Nikkei montage/Source photo by Ken Kobayashi; logo from Xponentia Capital Partners' LinkedIn account)

NEW DELHI -- Indian private equity (PE) firm Xponentia Capital Partners on Tuesday announced that it has raked in over 10 billion rupees ($120 million) for its second fund, as it looks to ramp up investments in the midmarket segment across the country.

The PE major announced the first close of its Opportunities Fund II in July 2022. So far, it has invested around $32 million in four companies: commercial electric vehicle maker Altigreen, fintech platform Zype, casual fashion brand The Souled Store, and education financing platform Auxilo.

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