The India Inflection Opportunity Trust (IIOT), managed by Pantomath Capital Management and led by industry veteran Madhu Lunawat, has launched its second Alternative Investment Fund (AIF), the Bharat Value Fund (BVF).

This new fund has a targeted corpus of Rs 2000 crores, comprising a base amount of Rs 1000 crores and an additional green shoe option of another Rs 1000 crores. The fund's first close has already seen firm commitments exceeding Rs 1000 crores, fully utilising the green shoe option at the outset.

BVF was launched in April 2024, focusing on pre-IPO investment opportunities in Indian growth-stage enterprises. The fund aims to support companies that embody the "Made in India" ethos, substituting imports, fostering exports, and bolstering India's vast rural consumption market. 

Madhu Lunawat, CIO of IIOT, commented on the launch: "Bharat Value Fund is designed to capitalise on the massive demographic opportunities in the mid-market segment of the Indian economy. We are confident that BVF will deliver robust returns and become a cornerstone of our investors' portfolios, helping them achieve long-term growth and financial success."

IIOT's inaugural fund, the India Inflection Opportunity Fund (IIOF), achieved significant milestones, deploying 100% of its INR 500 crore corpus within eight months of its final close. IIOF has made twelve investments to date, including successful exits at a 10x valuation, returning over 60% of the invested amount to its contributors within the same timeframe. 

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