India Alternatives Fund

India Alternatives Fund is a Mumbai, India-based mid-market private equity firm that provides growth capital to high-potential Indian companies, often those benefiting from transformational themes like women's empowerment. The firm acquires significant minority stakes, partnering with promoters to offer strategic support for long-term value creation. It manages multiple funds, including Fund I, II, and III, and operates with fewer than 25 employees. Its portfolio has included TransUnion CIBIL Limited, a stake in which was partially sold to Khazanah Nasional Berhad for Rs 340 crore in December 2020. India Alternatives focuses on businesses poised to become market leaders. Founded in 2011 by Shivani Bhasin Sachdeva, the firm continues to raise capital from domestic and international institutions. Its business model centers on raises capital from domestic and international institutions, family offices, and repeat investors to fund growth-stage private equity investments in small and mid-sized companies.