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Since last year, India has attracted several pioneers in the search fund industry. The latest entrant is Cicero Capital, founded by Pratap Chowdhury, who aims to acquire and operate one high-quality business. Based in Mumbai, Pratap has raised funds from more than 15 domestic and international institutions, HNIs, and business operators, including Ambit Partners, Vivek Jain, Paul Robine, Zubin Bharti Mittal, Will Thorndike, Partner Ventures, Spectra Investments, Novidam, and Adit Ravi.
Having worked for almost 10 years in finance, Pratap has seen firsthand the succession challenges faced by many hardworking business owners who have spent their lives building great companies. He is uniquely positioned to help provide these owners with the legacy they deserve. He began his career as an analyst at Kotak Investment Banking. Most of his career was spent working as an investor at the secondaries private equity firm TR Capital, investing across Asia while also supporting the firm’s portfolio companies in day-to-day strategy and operations. He holds an MBA from the Kellogg School of Management, Northwestern University.
Pratap has returned to India to acquire an SME, targeting companies primarily in the B2B services or tech services sectors, with EBITDA of $1–3M.
