Status: Fully Exited
About Us
Stakeboat Capital is a private equity fund founded by experienced professionals who have invested in growth stage companies, transformed them into multi-million dollar businesses and generated returns across multiple fund cycles
Investment Track Record
150+
Man-years of Experience
100+
Number of Investments
$8+Bn
Value Created
30k+
Jobs Generated
“We are grateful to Stakeboat and, in particular, to Chandrasekar Kandasamy, MD of Stakeboat, for providing us with this funding opportunity. Their entrepreneur-friendly approach and growth-oriented ideas align with our vision for Sukino. We are confident that we can rapidly expand our geographic reach and the scope of offerings.”
“As we embark on this this new journey of expansion, we’re committed to broadening our scope of practice and reaching more patients with advanced approaches and improved geographical accessibility. This expansion is the need of the hour, and I am excited about the future and what it holds for us.
Can’t wait to see where this new chapter takes us and the impact we can make in the lives of those we serve”
Rajinish MenonSukino Healthcare - CEO and Co-Founder
We knew that Chandra set up both Carlyle and ePlanet in India and hence we have selected Chandra as an investor. We chose him given his reputation in the market as an active and supportive investor
Continental Warehousing CorporationAmrutesh Reddy - Director
There are very few investors like Chandra who have a long track record of success and he has always been focussed on small and medium size companies
FSSJ. Rudhraapathy - Director
I, as Sankalp Semiconductor CEO, have known Stakeboat for more than a year and Chandra for about three years. Contrary to the stories I had heard about taking money from PE in India, my experience with Stakeboat has been wonderful. Stakeboat has added tremendous value to Sankalp in a short time:
Association with Stakeboat has brought tremendous value to Sankalp in the following ways:
- Active board member with rigor and experience in growing small private companies
- Ability to look at the company and the industry in a larger context
- Ability to look at inorganic growth with confidence and financial wherewithal that comes from decades of experience
Sankalp SemiconductorSamir Patel - CEO
Investment Philosophy
We combine industry knowledge, financial acumen and operational expertise to identify investment opportunities where we can create value
Strategy
- Micro cap / Mid market growth capital
- Invest in Little Giants
- Buyouts / Significant minority
- Invest in Platforms for organic growth
- Acquire Add-ons for inorganic growth
Collaboration
- Operational expertise
- Access to our wide network
- Strategic growth plan
- Streamline management gaps
- Setup systems and processes
Sector
- Asset light models
- Healthcare, Enterprise Technology, Food and Agro, Specialty Manufacturing, Consumer led Businesses
Themes
- Scalable models
- Competitive advantage
- Passionate entrepreneurs
- Active business partner
Exit
- Strategic sale
- Secondary sale
- Public listing
- Time frame : 3 to 5 years
People
- Team
- Partners
- Advisors
Mr. Chandrasekar Kandasamy
Managing Partner
Career Highlights
- More than 30 years of VC/PE experience
- Set up Intel Capital, The Carlyle Group and ePlanetCapital in India
- Sourced, led and managed 68 transactions over last 30 years; exited from 66 deals
- Distributed 2.4x cash back to investors with a 20%+ $ IRR
- Former board positions include FSS, Quest Global, Newgen, Continental Warehousing
Former experience (27+ years)
- Peepul Capital – Investment Director
- ePlanet Capital – Managing Partner, member of the Global Investment Committee and Management Committee
- The Carlyle Group – Director
- Intel Capital – Manager of Strategic Investments
- ICICI Venture – Assistant Vice President – IT and Healthcare
- World bank sponsored internship at Poly Ventures, New York for 7 months
Education
- Bharathidasan Institute of Management - MBA
- Anna University, Chennai – B.E
Srinivas Baratam
Managing Director
Career Highlights
- 29 years of experience across VC/PE, Corporate Finance and Credit Ratings
- Rich and varied experience on both buy and sell sides of the market, in addition to strategic advisory
- Worked on investments and advisory mandates across sectors including technology, healthcare, life sciences, education, industrials, consumer, financial services, auto ancillaries, etc.
- Advisory clients include both Indian conglomerate and global Fortune 500 companies
Former experience (27 years)
- Blue Seiner Advisors– Managing Partner
- Kriscore Financial Advisors– Managing Director
- Milestone Religare / Quadria– Managing Partner
- Lazard India – Managing Director
- UTI Ventures / Ascent Capital – Director
- L&FS Investment Managers – Assistant Vice President
- CRISIL – Senior Rating Analyst
Education
- Xavier Institute of Management - MBA
- Maulana Azad National Institute of Technology, Bhopal– B.E
Girish Patil
Managing Director
Career Highlights
- More than 21 years of experience across private equity, public equity, and corporate & investment banking across India and Sri Lanka markets.
- Invested more than US$ 300 million across various sectors - manufacturing, consumer, tech, media, and power.
- Experience of Investing in early to growth stage companies and minority to controlling stakes
- Achieved several profitable exits via difference routes i.e. IPO, strategic and financial investors.
- Fund raising experience, part of founding team of Nalanda Capital, experience of managing LP relationships, including prominent international DFIs.
Former experience (21 years)
- Zephyr Management / Emerald Fund – Managing Director
- Sage Capital – Vice President
- Nalanda Capital - Associate
- Warburg Pincus - Analyst
- ING Vysya Bank - Manager
Education
- INSEAD - Global Executive MBA
- SDM IMD – Post Graduate Diploma in Business
- Karnatak University, Dharwad – B.B.A.
Deepti Malik
Managing Director
Career Highlights
- 20 years of experience across various function of banking including Liabilities and Assets. Worked with leading Private sector, Multi-national and Small Finance Bank in India
- Former Head – Retail Liability business at Suryoday Small Finance Bank
- Active member of the various committees including Executive Committee, Marketing and Corporate Communications
- Scaled up functions/ businesses within Banking framework. Over a decade of experience across Debt, Equity & Alternate investing
- Investor/ Stakeholder relationships including regulators, institutions, family offices and UHNIs.
Former experience (20 years)
- Suryoday Small Finance Bank – Head: Retail Liabilities
- Axis Bank – Senior Partner, Burgundy Private
- HSBC – Vice President, Premier Banking
- Standard Chartered Bank – Associate Director, Private banking
Education
- B. Sc. – University of Delhi
- Public Relations & Advertising – YWCA, Delhi
Kumaran Chandrasekaran
Managing Director
Career Highlights
- 17+ years of experience in Private Credit, Private Equity & Advisory across platforms
- Been instrumental in setting up and scaling an alternate credit platform (US$ 200 MM) for TVS Sundaram group
- Managed investments of > US$ 1 Bn (100+ trades) across asset classes (Real assets, Infrastructure, Industrial & Logistics)
- Managed complete fund cycle from launch till exit with proven track record of exits @ 16% IRR (40+ trades)
Former experience (17 years)
- IndoSpace Capital – Executive Vice President
- Sundaram Alternates – Fund Manager
- Piramal Capital – Associate Principal
- SREI infrastructure – Senior Manager
- IDFC - Associate
Education
- Columbia Business School, NY – EPM
- BIM, Trichy – MBA
- Anna University, Chennai – B. Tech
Krishanu Sinha
Vice President
Career Highlights
- 17 years of experience across VC / PE, credit funds and structured finance
- Sector experience in healthcare, consumer, education, financial services, retail, real estate
- Investments experience across the capital structure (both private equity and private credit), managing deal lifecycle from sourcing to exit
- Co-founder of a fintech platform encouraging mass towards investments in asset classes beyond mutual funds and fixed deposits
- Additionally, helped in setting up the funds and raising capital
Former experience (17 years)
- Deftwatch (wealth-tech platform) – Co-founder
- JPIN – Senior Vice President
- Rabo Private Equity – Vice President
- Seven Rivers Private Equity – Vice President
- Samena Capital (South Asia, Middle East & North Africa focused investment fund) – Analyst
- Clearwater Capital (South Asia focused investment fund) – Associate
- Structured finance at ICICI Bank, Deutsche Bank and Byte Consulting
Education
- ISB Hyderabad – MBA
- IIT Kharagpur – B-Tech
Lohitash Sirsikar
Vice President
Career Highlights
- 9+ years of experience across advising on private equity and M&A transactions in law firms; and general corporate, fund raising, and acquisitions experience as the legal head of a ‘Series C’ fintech start-up
- Worked-on over 50 transactions across sectors including technology, manufacturing / industrials, e-commerce, financial services, etc. with varied deal sizes
- Advised private equity and venture capital funds on entry and exits from portfolio companies; also companies and their founders on various rounds of investments
Former experience (9 years)
- Vayana Network
- Platinum Partners
- Wadia Ghandy & Co
Education
- B.B.A LL.B (Hons.), National Law University, Jodhpur
- Advocate, Bar Council of Maharashtra & Goa
Kshitij Dodia
Assistant Vice President
Career Highlights
- Over 7+ years of experience across PE, Corporate Finance, and Advisory roles
- Invested across multiple healthcare verticals with ticket sizes ranging from US$ 5 - 80 million
- Monitoring performance of the portfolio companies and assessing improvement areas
- Advised Global PE funds on financial due diligence for their investments across IT/ ITeS, Industrial, Consumer sectors
Former experience
- Asia Healthcare Holdings – Deputy General Manager
- KPMG India – Manager
- Grant Thornton – Assistant Manager
Education
- Institute of Chartered Accountants of India – Chartered Accountant
Shashank Jain
Senior Associate
Career Highlights
- Advised global and Indian PE/VC funds on valuation of their portfolio companies
- Advised multiple European banks in framing divestment strategy for their distressed assets
- Restructuring advisory and transaction support to an Italian and a German bank
- Valuation experience across asset classes including equity(early stage, growth equity and secondary buyouts) and debt (corporate credit, structured credit and venture debt)
- Involved in the valuation of select Indian unicorns
Former experience (7+ years)
- Duff & Phelps – Senior Associate
- BlackRock – Associate
Education
- IIM Ahmedabad – MBA
- CFA
- CBS, Delhi University – BBS
Rohan Paliwal
Senior Associate
Career Highlights
- Advised several global Private Equity / Credit funds on capital raise through structured products
- Advised several European businesses for equity capital raises via private placements from Public crossovers, Private Equity, Venture Capital and Pension funds
- Worked on capital raise transaction such as SPAC for a European client
- Deal structuring for securitization transactions
Former experience (1.5 years)
- Goldman Sachs – Investment Banking Analyst
Education
- XLRI Jamshedpur – MBA
- Indian Institute of Technology, BHU – B. Tech
Kishan Ballal
Associate
Career Highlights
- More than 3 years of experience in reviewing financial statements and providing assurance services (IND-AS and I-GAAP).
- Covered clients across Manufacturing, Consumer retail and IT & ITeS sectors.
- Detailed analysis of financial statements, internal controls and audit procedures.
- Advised clients in implementing Internal Financial Controls (IFC) as mandated by the Companies Act.
- Drafted memorandums covering significant auditing and accounting matters.
Former Experience (3.5+ years)
- Ernst & Young (EY) - Executive, Audit & Assurance
Education
- Institute of Chartered Accountants of India – Chartered Accountant
- St. Joseph’s College of Commerce – B. Com
- CFA Level 1
Ishita Jain
Associate
Career Highlights
- Part of the EMEA healthcare team of a global investment bank and worked on several acquisitions and fund raises
- Worked on buy-side and sell-side transactions, such as, sale of a Turkish CDMO company and acquisition of a European specialty pharma business
- Facilitated two acquisition financings for (a) an Italian diagnostics business and (b) a European specialty pharma business
Former Experience (2 years)
- Investment Banking Analyst, Goldman Sachs
Education
- MBA, MDI Gurgaon
- B. Com (Hons), Jesus and Mary College, University of Delhi
Saurabh Gourisaria
Associate
Career Highlights
- Part of the team which was responsible for the financial reporting of the largest integrated aluminum facility in the world (with an asset base of $7.5Bn)
- Worked on the following debt transactions: (a) project financing of $600Mn+ for the expansion of a refinery; and (b) a foreign currency loan of $450Mn for smelter expansion and working capital
Former Experience (2.5+ years)
- Finance (Deputy Manager), Vedanta Limited
Education
- MBA, IIM Lucknow
- Chartered Accountant
- B.Com
Pratheek Azendla
Associate
Career Highlights
- Responsible for ensuring timely completion of, and coordinating with internal and external stakeholders on, several construction projects for the Central Board of Indirect Taxes and Customs, Finance Ministry in Telangana State
Former Experience
- Inspector, Central Board of Indirect Taxes and Customs (Central GST)
Education
- MBA, IIM Calcutta
- CFA (Charter Pending)
- FRM Level 1
- B.E. (Computer Science), Birla Institute of Technology and Sciences - Pilani, Hyderabad
Diana Kishander
Administration Manager
Career Highlights
- More than 15 years of experience across administrative and operating roles with Indian as well global MNCs
- Executive Assistant to senior leaders and business owners in diverse roles across various organizations
- Managed administrative and operational activities for executives in India and the UAE
- Managed and mentored junior Executive Assistants
- Helped set up the climate school for a German based NGO in Bangalore
Former experience (15+ years)
- Fairtrade NAPP (Network of Asia & Pacific Producers Pvt Ltd) – Executive Assistant & Human Resources Manager
- Eton Institute, Dubai – Corporate Training Coordinator
- Inter Ocean Ship Repairs LLC, Dubai – Executive Assistant
- BMR Advisors – Executive Assistant
- Federal Express Corporation – Senior Sales Coordinator
- Marks & Spencer – Executive Assistant & Administrator
Education
- Indian School of Management & Studies – United Kingdom Accreditation Services - MBA in Human Resource Management
- Jyothi Nivas College – Bachelor of Arts
- Davar’s College of Commerce – Diploma in IT Secretary-ship
Paawan Ahuja
Principal Officer
Career Highlights
- 6+ years of experience across Investment Banking advisory roles
- Advised leading businesses on private equity capital raise across sectors including industrials, consumer products, auto ancillaries, F&B, and hospitality
- Buy-side advisory for leading Indian and Global conglomerates on their inorganic expansion plans in India across FMEG, building materials, and paper & packaging
Former experience (6+ years)
- HDFC Bank Ltd – Investment Banking Associate
- Pioneer Investcorp Ltd – Senior Analyst, Investment Banking
- Citicorp Services India Pvt Ltd – Financial Analyst, Corporate & Investment Banking
Education
- CFA Charterholder
- Narsee Monjee Institute of Management Studies, Mumbai – B. Com (H)
Tanmayee Apte
Associate
Career Highlights
- Managed investment transactions including legal due diligence, drafting and negotiating transaction documents for multiple domestic and cross-border deals
- Advised on foreign investments, NBFC regulations and statutory compliance for angel investors pursuant to their ODI
- Notable acquisition deals include AFour Technologies Private Limited, Scorpius Trackers Private Limited, Vervotech Solutions Private Limited, and investment deals include investment by NTT Data in AlgoAnalytics Private Limited, and investment by existing shareholders of Infinite Uptime Private Limited in Infinite Uptime Private Limited.
Former experience (2.5 years)
- LegaLogic Consulting LLP
- RSB Legal
- India Juris
Education
- Savitribai Phule Pune University – LLM
- Advocate, Bar council of Maharashtra and Goa
- ILS Law College - BSL, LLB
Dr. GSK Velu
Career Highlights
- Founder and Managing Director of the Trivitron Group, the largest Indian medical technology company
- Trivitron was founded in 1997 by Dr.Velu and tied up with several world leaders in medical technology to cater to over 20 medical specialties across India
- He also established the Trivitron Medical Technology Park South Asia's first state-of-the-art medical technology manufacturing facility and the Trivitron Innovation Center, a center of excellence for biomedical research & development and design at IIT Research Park, Chennai
- Founder and Chairman of Medfort Hospitals, which runs a chain of eye care hospitals in India
- He has established, Alliance Dental Care, a dental hospital chain, in joint venture with the Apollo Hospitals Group
- Ex co-promoter of Metropolis Healthcare Limited, a pan-India chain of pathology and diagnostic centers, which he exited in the year 2015
Education
- IBAM, Kolkata - Doctorate
- Loyola Institute of Business Administration and - MBA
- Birla Institute of Technology and Science (BITS), Pilani - Bachelor's degree in pharmacy
Mr. P Surendra Pai
Career Highlights
- Mr. P Surendra Pai is a highly respected thought leader in business and marketing strategy who brings extensive experience and expertise from the Indian corporate sector
- Former Executive Chairman of the Murugappa Group from 2002 to 2006, contributing significantly to the group’s growth and profitability
- Prior to this he was the Vice Chairman of Wipro, in charge of Consumer Care & Lighting (CCLG) businesses and part of the Corporate Board from 1997 to 2002
- He is also an active investor in unlisted companies
Education
- Mysore University - Electrical Engineering
- IIT (Madras) - Post Graduate Diploma in Industrial Engineering
Mr. Athmanathan Ganesan (Ganesan)
Career Highlights
- Chief Executive Officer, Dr. G.S.K. Velu Family Office and has more than 33 years of experience in the Assurance and Advisory practice
- He also has rich experience in Transaction Advisory Services having handled several Due Diligence assignments and handled several M&A deals in India and outside India
- One of the senior partners of R. Subramanian and Company, a leading firm of Chartered Accountants in Chennai. He was actively involved in numerous industry-oriented initiatives of various regulatory bodies such as Reserve Bank of India, SEBI, IRDA
- His broad vision, pioneering efforts and dynamic approach have won several accolades to the firm thus enabling it to become one of the top 10 firms in Chennai
- During his tenure with R. Subramanian and Company, he was associated with groups such as Apollo Hospitals, Seshasayee Paper Boards, Nelcast Ltd, Lister Technologies, Sterling Holidays and Resorts, CMC Ltd (a Tata enterprise), Hydro S&S Industries, Reed Relays and Electronics etc.
- He has also handled audits of large Public sector Banks/ Undertakings such as State Bank of India (SBI), Bank of India, Indian Bank, Neyveli Lignite Corporation (NLC), Cochin Refineries, Madras Fertilizers, Life Insurance Corporation (LIC), United India Insurance etc.
- Ganesan has vast experience in domestic and international taxation. He was actively involved in the acquisition and Fund-raising activities of Trivitron Healthcare, Medfort Hospitals and Metropolis Healthcare.
- He is presently on the Board of Trivitron Healthcare and Medfort Hospitals
Education
- Fellow member of The Institute of Chartered Accountants of India (ICAI)
- Madras University - Chemistry graduate
Mr. Chandrasekar Kandasamy
Career Highlights
- More than 30 years of VC/PE experience
- Set up Intel Capital, The Carlyle Group and ePlanetCapital in India
- Sourced, led and managed 68 transactions over last 30 years; exited from 66 deals
- Distributed 2.4x cash back to investors with a 20%+ $ IRR
- Former board positions include FSS, Quest Global, Newgen, Continental Warehousing
Former experience (27+ years)
- Peepul Capital – Investment Director
- ePlanet Capital – Managing Partner, member of the Global Investment Committee and Management Committee
- The Carlyle Group – Director
- Intel Capital – Manager of Strategic Investments
- ICICI Venture – Assistant Vice President – IT and Healthcare
- World bank sponsored internship at Poly Ventures, New York for 7 months
Education
- Bharathidasan Institute of Management - MBA
- Anna University, Chennai – B.E
Mr. Balaji Srinivas
Career Highlights
- Served as Managing Director at The Abraaj Group. Mr. Srinivas was a Senior Member of The Abraaj Group’s team in India
- Served as a Partner and Regional Fund Manager for South Asia at Aureos Capital Limited
- Served as a Vice President for The Carlyle Group’s investments in India
- Served as an Associate Director at Intel Corporation, where he established Intel India's Venture Capital operations in 1998 and led 15 investments in technology SMEs
- Served at Sterling Holiday Resorts (India) Limited and BPL Mobile Communications in their respective corporate finance divisions
- Served as a Director of Continental Warehousing Corporation (Nhava Seva) Ltd
- He began his career with Tata Steel as a Financial Accountant
Education
- Chartered Accountant, Institute of Chartered Accountants of India
- University of Madras - Bachelor of Commerce degree
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