Mumbai-based Sanctum Wealth Management has partnered with Equanimity Investments, a venture capital fund, to help clients diversify their portfolios by investing in early stage start-ups. This association is designed to help Sanctum Wealth strengthen its product proposition, leveraging the on-going growth in India’s start-up industry.
Sanctum Wealth Management is the former RBS Indian private banking business. It was formed in 2016 following an MBO.
Equanimity’s fund will offer investors a superior risk-return profile by investing in a diversified portfolio of fast-growing early stage firms with cutting edge technologies across sectors. While it will primarily focus on ventures within India, it will also look to invest in start-up ventures and growth ventures abroad.
The fund is sector agnostic and will look at investments in early stage companies that use technology as their backbone ensuring scalability and sustainability of their business models. It will invest in start-ups, emerging or early stage venture capital undertakings mainly involved in new products, new services, technologies, intellectual property rights based activities or companies that are pursuing innovative business models. The fund horizon will span seven years, and will be extendable by two years.
Shiv Gupta, chief executive, Sanctum Wealth Management said: “At Sanctum, we have always placed emphasis on generating new ideas and have consistently worked towards developing innovative and relevant products for clients. Through our association with Equanimity, we will help clients partner in projects within India’s budding start-up industry.”
Rajesh Sehgal, founder and managing partner, Equanimity Investments added: “The start-up space in India is expected to grow exponentially given India’s inherent entrepreneurial culture, assisted by Government initiatives such as Start-Up India. Our fund will help support start-ups that use technology as their backbone ensuring scalability and sustainability of their business models while providing clients to benefit from our experience and expertise.”