Equanimity crossed a major threshold with its assets under management crossing the INR100 crore mark. Given the plethora of opportunities that we see in the ecosystem, we have decided to bring in another INR100 crore of assets by exercising our greenshoe option.
The investment team at Equanimity continues to deploy capital and in 2Q18 made an investment in a parenting platform, BabyChakra. The founder, Naiyya Saggi and her team are some of the best people in the industry to cater to the parenting ecosystem. In addition to a conversational and advise platform, BabyChakra provides hyperlocal bundled services for parents and children as well as products that are needed at various stages of parenthood. We arranged a special interview, published in another section of this newsletter, to share her thoughts and ideas directly with our readers.
We are in the midst of a handful of deals at very advanced stages of diligence and discussions. So watch this space for more action.