Dragon Fund

Ridhi Chaudhary, Chief Investment Officer at Dragon Fund, speaks with LiveMint on the fund's investment strategy, its recent deals and future plans. Read more here: https://lnkd.in/djfKRGcb

Habyt, the world's leading provider of flexible living spaces, today announced the successful closing of 40 million EUR in financing, led by Mars Growth Capital, a joint venture of LIQUiDITY Group and MUFG. Justin Langen, Director, Europe at Liquidity remarked “As Mars and Liquidity continue to strengthen their presence in Germany and across Europe, we look forward to beginning what we see as a long-lasting investment partnership and hope to play an ongoing role in Habyt’s push towards sustained profitability.” Luca Bovone, Founder and CEO of Habyt commented that “Flexible living is naturally a model that aligns with sustainable financial growth, offering high-demand solutions in urban environments worldwide. Throughout this process, we have been continually impressed by Liquidity Group’s quick execution and data-driven approach during the due diligence phase.” Read the entire article HERE: https://lnkd.in/eVrbvWE3

Bloomberg announced Dragon Fund recently co-led alongside General Catalyst the $340 million funding round for Zepto, an Indian online grocery startup, elevating its valuation by 40% to $5 billion. The round also attracted new investor EPIQ Capital Group, with existing backers like Lightspeed Venture Partners and DST Global increasing their stakes. This funding surge underscores the ongoing enthusiasm among foreign investors for India’s e-commerce market, even as other sectors face challenges. The article discussed that Zepto, founded in 2021 by childhood friends and Stanford dropouts Aadit Palicha and Kaivalya V., has quickly become a significant player in India’s hyper-competitive grocery delivery market. The investment was led on behalf of Dragon Fund by Chief Investment Officer, Ridhi Chaudhary, and Managing Director, Aakash Tulsani

Dragon Fund, by LIQUiDITY Group, announces a significant $50 million investment in Zepto, India’s fastest-growing consumer internet company, as part of a $340 million follow-on financing round that has elevated Zepto’s valuation to $5 billion. This investment underscores Dragon Fund’s strong belief in Zepto’s vision and potential to revolutionize quick commerce in India. Ridhi Chaudhary, Chief Investment Officer, stated: “Dragon Fund’s vision is to back world-class technology companies globally. We are thrilled to partner with Zepto and its exceptional team who are defining and building quick commerce in India.” Managing Director, Aakash Tulsani, also shared his enthusiasm: “Quick commerce addresses the convenience, variety, and value needs of urban India, which is a massive opportunity. We have been impressed by Zepto’s execution, data-driven approach, and ambition to build an enduring company. Our investment reflects our belief in their ability to transform the Indian market and set new standards in e-commerce."