Playbook Partners marks first close for $250 Mn growth capital fund

Growth capital firm Playbook Partners has marked a first close as it raised over $130 million through global investors from Europe, US, Middle East, and India. 

The fund is using the green shoe option and can grow up to $250 million. Playbook will partner with growth-stage, tech-enabled businesses in large addressable markets.

Founded and led by Vikas Choudhury, Playbook invests in growth-stage, tech-enabled businesses that have positive unit economics and are sustainably scaling to market leadership. By combining capital with capability, the firm helps companies using a blended data-driven and strategic approach. It targets digital transformation themes like distribution and disruption, driving consumption and innovation in aspirational India.

Choudhury holds investments in companies including 10 unicorns, IPOs and exits such as inMobi, Myntra, Fractal, Nazara, PolicyBazaar, Rapido, and others. 

Playbook’s senior investing team includes Dushyant Singh and Sumit Jain. Its operating partners include Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education) and Milan Sheth (ex Automation Anywhere), who have come in through their family offices or in their personal capacity.