Orios Venture Partners, an early-stage investor, has partially exited from Battery Smart with a 29x return and is participating in the current funding round. This action is consistent with Orios’ portfolio strategy and bolsters its history of achieving successful returns, further cementing its position as a top early-stage investor in India.
Orios’ portfolio strategy focuses on providing limited partners (LPs) a 1x return or returning the principal amount by the fourth or fifth year of a fund while preserving significant value for future growth. This approach ensures that value compounds over the fund’s lifespan, benefiting both the investors and the startups.
Sukhmani Bedi, Partner at Orios Venture Partners, commented on the partial exit, stating, “We were early investors in Battery Smart, supporting them in February 2020 when they were still working out of a garage. It has been immensely rewarding to see Battery Smart’s growth.”
“Over time, the startup has proven the effectiveness of its innovations and business model. They currently hold over 70% market share and lead a rapidly growing sector. Pulkit and Sidharth are outstanding entrepreneurs with a visionary approach. We believed in their vision from the beginning and continue to support it. We are proud of their impact and enthusiastic about the future as they advance EV adoption in India.”
