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Sixteenth Street Capital is an investment partnership managing concentrated fundamental equity portfolios across Asia's fastest-growing capital markets. The firm employs value and growth strategies, conducting deep research to identify businesses with strong cash flows, excellent management, and compelling long-term prospects. They apply private equity-style diligence to public market opportunities, aiming for compounded absolute returns.
Rashmi Kwatra founded Sixteenth Street Capital in 2017, serving as Chief Investment Officer. Previously, she was the youngest Partner at Prince Street Capital Management, specializing in emerging and frontier markets, notably South and Southeast Asia. Kwatra's founding insight leverages a long-term, private market valuation framework applied to public equities.
The firm primarily serves endowments and family offices with long-term investment horizons. Sixteenth Street Capital’s vision is to achieve capital appreciation by investing in “Growth Emerging Markets” across South and Southeast Asia. They target companies benefiting from macro themes like financial inclusion and digital adoption, capitalizing on the region's enduring economic expansion.
Sixteenth Street Capital has 2 tracked investments across 2 companies. The latest tracked deal is $50.0M Series C in Curefoods in June 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 2, 2022 | Curefoods | $50.0M Series C | Crimson Winter | Accel India, Alteria Capital, Chiratae Ventures, Iron Pillar, NB Ventures, Potential Ventures X4, Rukam Capital |
| Apr 1, 2021 | Swiggy | $800.0M Series J | Justin Leverenz | Accel, B Capital Group, Tribe Capital, 360 ONE Asset, ARK Impact, Axis Growth Avenues, Baron Capital Group, Falcon Edge Capital, Ghisallo, Kotak Mahindra Bank, Prosus Ventures, Qatar Investment Authority, Segantii Capital, Smile Group, Sumeru Ventures, Y Combinator |