Oister Global rolls out Rs 500 crore third secondaries fund

21 May 2026, 03:35 PM

The total corpus includes a greenshoe option of Rs 250 crore.

Private equity firm Oister Global, which has invested in startups including Blackbuck, Shiprocket and Purplle, has launched its third secondaries fund, ACE Fund III, with a total corpus of Rs 500 crore.

The total corpus includes a greenshoe option of Rs 250 crore.

The fund will focus on late-stage startup opportunities in fast-growing sectors, especially companies with strong unit economics, institutional investor backing, and visible liquidity avenues such as IPOs and strategic exits.

The new vehicle builds on the momentum of ACE Fund II, which was oversubscribed by two times and closed at Rs 400 crore against an original target of Rs 200 crore. Oister said it has already completed five investments from the previous fund.

Through its earlier funds, the firm has also backed startups such as Servify, M1xchange, and Kuku FM.

The firm noted that nearly 98% of the capital raised across its funds has come from domestic investors, including family offices, institutional investors, and high-net-worth individuals, reflecting growing interest in secondary deals within India’s startup ecosystem.

The broader market has also seen rising activity in this segment, with firms such as Neo Asset Management and Ironclad Asset Management recently launching dedicated secondary-focused funds.

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