Ubharte Sitaare Fund was registered in July 2021 and co-sponsored by SIDBI and Export Import Bank of India, with an objective to
identify and invest in ventures in manufacturing and service industries which are presently in domestic markets looking to enter
foreign markets as well as existing mid-sized exporters wanting to scale up their operations. The strategy will involve investing
in manufacturing and services ventures which have
the potential to become champion exporters by technology upgradations, product development, business strategy and market development.
The fund is a close ended fund registered with the Securities and Exchange Board of India (SEBI) as a Category II Fund.
Ubharte Sitaare Fund is looking for investment in enterprises offering potential for attractive growth and earnings. Indicative investment criteria are -
Ubharte Sitaare Fund would invest primarily by way of investments in privately negotiated equity / equity related and / or convertible / non-convertible debt instruments in unlisted companies. It shall also endeavour to provide mentoring support and other value additions to enable the investee companies achieve rapid growth and achieve / maintain their competitive edge in international markets. The Fund will seek board representation and other rights as an investor.
Covalense is a Bengaluru based software company, providing digital solutions for managing complex revenue models to leading global companies. Company has two business verticals Digital Transformation Services (DTS) and Csmart (Product/SaaS) with presence in countries such as USA, Canada, South Africa, and Singapore.