Synergy Capital Partners

Overview

Synergy Capital Partners is India's first fund dedicated to investing in the 'Early-Growth' stage, focusing on companies with annualized revenues between INR 75 to 300 crore. The firm aims to support industry-defining companies that are fundamentally changing customer experiences. Their investment approach is distinct from both late-stage private equity and early-stage venture capital, emphasizing a customized strategy tailored to the unique needs of early-growth companies. The firm's strategy targets tech-enabled and traditional-sector businesses across both enterprise and consumer segments. Key investment characteristics include a compound annual growth rate (CAGR) of 35%, a focus on industry-defining companies, founders who are talent magnets, and a preference for top three companies in their respective segments. Synergy Capital Partners places equal emphasis on internal rate of return (IRR) and multiple on invested capital (MOIC), aiming to deliver superior returns to its investors. Founded by Apurva Patel, who has over 17 years of experience in private equity, Synergy Capital Partners has a track record of 27 investments and 16 exits. Apurva's background includes roles in equity research, technology investment banking, leveraged finance, and operating roles at software startups. His consistent investment temperament and process-driven approach have been instrumental in building a team committed to delivering consistent returns while contributing positively to the ecosystem. Synergy Capital Partners has been actively involved in significant investments, including a $75 million investment in the Shapoorji Pallonji Group, marking India's largest private credit transaction at the time. The firm also participated in the 10th Asia PE-VC Summit in Singapore, discussing India's private equity landscape and successful exits. These engagements highlight Synergy Capital Partners' active role in shaping the private equity sector in India and its commitment to fostering growth in the industry.

Investment Focus

• Companies with annualized revenues between INR 75 to 300 crore
• Tech-enabled and traditional-sector businesses
• Founders who are talent magnets
• Top three companies in their respective segments
• Emphasis on a compound annual growth rate (CAGR) of 35%

Portfolio Companies