Secondaries for India's Private Ecosystem

Creative liquidity solutions for Indian PE/VC funds and companies

Images representing sectors in India's private sector investment ecosystem comprising of technology, retail, financial markets, healthcare and manufacturing

A Highly Selective Secondaries Fund

Ambit Arcadia offers secondaries solutions with a growth equity mindset to invest in leading Indian companies. We take a highly collaborative approach with funds and companies to create bespoke win-win liquidity solutions that leverage an efficient investment process.

About Ambit Arcadia

A partnership between Ambit, one of India's leading full-service investment banks, and Arcadia, led by Raj Dugar with over 25 years of India private equity leadership experience, Ambit Arcadia aims to invest in India's category-leading, scaled private companies via secondaries.

About Us

Our Approach to Investing

Our fund strategy is to bring a growth investing playbook to the Indian secondaries market.

Underwrite Proven Business Models

of category-leading, scaled, growth businesses

Efficient Investment Process

that leverages local decision-making capabilities

Bespoke Solution Orientation

in close partnership with GPs and companies

Active Exit Engagement

in collaboration with all stakeholders for IPO/M&A readiness

Sector Focus

Technology, Consumer, Financial Services, Healthcare & Advanced Manufacturing

Our Edge

Our edge is embedded at each step of the investment lifecycle — from origination to realization.

Deal certainty

Our local and swift decision-making process enables us to give quick, dependable feedback on the transaction to stakeholders

Long and deep relationships with public and private markets

Our network helps companies through their next phase of growth and exit

Unbiased market feedback from Ambit's public market expertise

Inputs from Ambit's investment banking, institutional equities, and research, independent of incentive-driven third parties

Deep-rooted local context on founder intent and governance

Our unique vantage point comes from years of investing in the Indian private ecosystem

Expertise in early alignment with IPO/M&A requirements

We build consensus among stakeholders, creating visibility on exit paths and ensuring methodical and timely execution

The India Secondaries Opportunity

  • Rapid growth of VC and growth capital pre-2020

  • Longer holding periods as companies stay private longer

  • Limited exit routes with constrained M&A; higher bar for institutional-grade IPOs

  • Growing backlog of unrealized assets with a widening TVPI-DPI gap

  • Strict regulations around extensions preventing multiple fund life

  • Established startups want ESOP liquidity for long-tenured emplyoees

Contact Us