What cheque size does INDIA ADVANTAGE FUND S4 I write?

As compiled from public sources: USD 25-50 million per deal (IAF Series 4, sector-agnostic buyout)

How do I pitch INDIA ADVANTAGE FUND S4 I through iHub India?

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Private equity (Cat II) · SEBI registry

INDIA ADVANTAGE FUND S4 I

Growth (Series C+) · Financial services (non-tech) · Mumbai

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Contact on file — shared on accepted request

At a glance

Stage focus: Growth (Series C+)
Primary sector: Financial services (non-tech)
City: Mumbai
HQ / office: Prabhadevi, Mumbai, Maharashtra
Fund registered: 2015
Investments on record: 7
Corpus (as reported): Fund size ~USD 350 million (2016 vintage buyout fund, PitchBook)
Website: www.iciciventure.com
LinkedIn: Profile ↗

About

India Advantage Fund Series 4 is a 2016-vintage private-equity buyout fund managed by ICICI Venture Funds Management Company (Mumbai). It deploys ~USD 25-50 million per deal across consumer, financial services, specialty chemicals and healthcare; listed holdings include Cello World and DCB Bank.

Investment focus

Private-equity buyout / growth capital (2016 vintage); sectors include consumer/electronics, financial services, specialty chemicals, healthcare, food services; tickets ~USD 25-50 million per deal

Cheque size

USD 25-50 million per deal (IAF Series 4, sector-agnostic buyout)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II”

IN/AIF2/15-16/0170

SIDBI Fund of Funds

None found

Notable portfolio

EPACK Durable; India1 Payments; Anthea Aromatics (Anthea Group); Star Health and Allied Insurance; Theobroma; Cello World; DCB Bank

Team & organisation

ICICI Venture is an established institutional PE manager (no specific public team count; multiple investment partners/MDs).

Close-ended, contributory, determinate trust registered with SEBI as a Category II AIF (SEBI Reg IN/AIF2/15-16/0170). Manager/Sponsor/Settlor: ICICI Venture Funds Management Company Ltd (ICICI Bank subsidiary). NOTE: investment-management rights transferred to ICICI Prudential AMC effective 1 Apr 2026.

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Frequently asked

What does INDIA ADVANTAGE FUND S4 I invest in?: Private-equity buyout / growth capital (2016 vintage); sectors include consumer/electronics, financial services, specialty chemicals, healthcare, food services; tickets ~USD 25-50 million per deal
What cheque size does INDIA ADVANTAGE FUND S4 I write?: As compiled from public sources: USD 25-50 million per deal (IAF Series 4, sector-agnostic buyout)
How do I pitch INDIA ADVANTAGE FUND S4 I through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ PE buyout fund — not startup VC; firm is part of the ICICI group

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.iciciventure.com/v-portfolio-category/iaf-s4i/; https://www.psuconnect.in/bank-news/sebi-approves-transfer-of-icici-venture-fund-management-to-icici-prudential-amc