We nurture Asia's startup ecosystem
Initiated by Sistema, Sistema Asia Capital is a Private Equity firm investing in India and SE Asia's rapidly emerging startup ecosystem.
Asia's startup ecosystem
We nurture
We are a fundamentally different VC firm
Our role doesn’t end at investment. In fact, that’s where it begins. We are dedicated partners in the growth of every startup we fund, every step of the way.
fundamentally
different VC firm
We are a
Born in Russia, we call Asia our home.
Having previously grown several Russian startups to industrial giants, we bring our experience and expertise to India and South-East Asia.
we call Asia our home.
Born in Russia,
We focus our energy on technology
We invest in knowledge-intensive industries and aid the development of tech innovations across sectors in India and South-East Asia.
our energy
on technology
We focus

Our DNA

Investing. Creating Value.

Established in 1993, today Sistema is a large private investor operating in Russia, CIS, Europe, USA and India. Sistema's investment portfolio comprises stakes from various sectors of economy, including telecommunications, utilities, retail, high tech, pulp and paper, pharmaceuticals, healthcare, railway transportation, agriculture, finance, mass media, tourism, etc. Sistema's competencies focus on improvement of its portfolio companies through innovation, operational excellence and attracting industry partners to enhance expertise and reduce financial risks.

Sistema is not new to the Indian ecosystem. It began its India journey in 2008 and was the first private sector conglomerate from Russia to invest in the high-growth Indian telecom sector. Since then the appetite to make success stories in Asia has only grown. We believe that a decade of experience and our existing platform in India and Singapore reinforced by Sistema’s value creation DNA and its vast business network in Asia will allow us to make another success story - a VC firm with a difference.

Our Team

Sharing Expertise. Co-leading Investment Opportunities. Diversifying Risks.

Sistema Asia Capital Pte. Ltd. (“Sistema Asia Capital”) is a Registered Fund Management Company with the Monetary Authority of Singapore. We currently manage a Private Equity fund (“Sistema Asia Fund”) sponsored and seeded by Sistema PJSFC in 2015. The fund focuses on growth stage / mid-stage technology investments in India and South East Asia.

Sistema Asia Capital is seeking participation from external qualified investors to enhance the Sistema Asia Fund to USD 120 million.

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Andrey Terebenin

Andrey
Terebenin

Managing Partner,
Sistema Asia Capital (India)

Meet Andrey
Tejash Prajapati

Tejash
Prajapati

Executive Director,
Sistema Asia Capital

Meet Tejash

Our Partners

Finding Innovative Solutions. Scaling up.

We believe that anything with the potential to change the world just needs someone to believe it does.

Our multinational team with boots on the ground in India and Singapore actively engages with startup founders to drive their business forward. We have access to Scalerator, a unique consultancy set up by our colleagues in Singapore and India, to help startups scale up faster. The Scalerator team is not just helping the founders understand how to implement new initiatives but actually doing it for them.

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qwikcilver seclore
licious subtra
lendingkart Netmeds
Healthifyme Faasos
Kissht Uniphore

Our Focus

Leveraging Technology. Building digital disruptors.

Sistema Asia Capital focuses on value creation in traditional and new age businesses that leverage technology. We are an early to mid-stage investor focusing on two broad themes -

Customer Tech

  • Specialized eCommerce with high margin of safety (GM, CM)
  • Travel & Transportation platforms with sticky customer base
  • Fintech and Digital Health with both tech and hybrid models
  • EdTech and New age media and content businesses
  • Online consumer brands

Enterprise Tech

  • Global enterprise applications that leverage frugal innovation culture
  • SAAS businesses that are inside sales and remote support driven
  • AI, VR and Big Data with specific use cases
  • Industrial Internet of Things (IOT)

contacts

  • Locations:

  • Singapore

    77 Ayer Rajah Crescent,
    #03-32 Singapore 139954

  • India

    142, we work,
    DLF forum, DLF Cybercity, ph-lll,
    Gurugram- 122002

  • Media Queries & Investor Relations

    media@sistemaasiacapital.com

  • Let’s talk business:

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qwikcilver

Series B round
Founded in 2007, Partnered in 2016.
Founders: Kumar Sudarsan,  Pratap TP.
Investment advisor: Andrey Terebenin.
Vision: Everything gift card.

www.qwikcilver.com
seclore

Series B round
Founded in 2009, Partnered in 2016.
Founders: Vishal Gupta, Abhijit Tannu.
Investment advisor: Sumit Jain.
Vision: Securing information wherever it goes.

www.seclore.com
licious

Series B round
Founded in 2015, Partnered in 2017.
Founders: Abhay Hanjura, Vivek Gupta.
Investment advisor: Dhruv Kapoor.
Vision: Online meat gourmet brand.

www.licious.in
subtra

Series B round
Founded in 2012, Partnered in 2017.
Founders: Samir Khandepaun.
Investment advisor: Dhruv Kapoor.
Vision: Enterprise subscription management platform.

subtra.com
LendingKart

Series C round
Founded in 2014, Partnered in 2017.
Founders: Harshvardhan Lunia, Mukul Sachan.
Investment advisor: Dhruv Kapoor.
Vision: Digital SME lending company.

www.lendingkart.com
Netmeds

Series B round
Founded in 2015, Partnered October 2017.
Founder: Pradeep Dadha.
Investment advisor: Andrey Terebenin
Vision: Netmeds is poised to take over the country’s market and become ‘India ki Pharmacy’.

https://www.netmeds.com/
Healthifyme

Series B round
Founded in 2012, Partnered February 2018.
Founder: Tushar Vashisht and Sachin Shenoy.
Investment advisor: Andrey Terebenin.
Vision: Healthy living made easy, fun and affordable.

http://healthifyme.com
Faasos

Series C round
Founded in 2011, Partnered in 2018.
Founder: Jaydeep Barman, Kallol Banerjee.
Investment advisor: Andrey Terebenin.
Vision: Multi-brand web and mobile-based cloud kitchen.

https://order.faasos.io
Kissht

Series C round
Founded in 2015, Partnered in 2018.
Founder: Krishnan Vishwanathan.
Investment advisor: Dhruv Kapoor.
Vision: EMI-based purchase and personal loans platform.

https://kissht.com
Uniphore

Series C round
Founded in 2008, Partnered in 2019.
Founders: Umesh Sachdev, Ravi Saraogi.
Investment advisor: Sumit Jain.
Vision: Redefine customer service through Conversational AI technology.

https://www.uniphore.com/

Andrey Terebenin

Managing Partner, Sistema Asia Capital (India)

Andrey is Managing Partner of Sistema Asia Capital (SA Cap) Advisory, based out of New Delhi. At SA Cap Advisory, Andrey oversees the entire investment portfolio. He serves as a Board member of Qwikcilver, Netmeds, HealthifyMe and Faasos.

Prior to the engagement to SA Cap Advisory, Andrey acted as Senior VP at Sistema head office in Moscow for four years (2011-2015). He managed portfolio of 3 direct investments of Sistema – Binnopharm, Detsky Mir and Concept Club and has also acted as their Board Member. In 2006-2011 he supervised relationships with investors of Sistema (LSE-listed), and MTS (NYSE-listed). In 2001-2006 Andrey was the Managing Director at Triangle Porter Novelli, a leading communications agency in Russia. In 1990s Andrey has played a key role in opening up Russian offices of Dun & Bradstreet and AIG and built up their businesses at an early stage.

Andrey has graduated from Moscow Institute of International Relationships. He loves diving and is fond of culture trips.

Tejash Prajapati

Executive Director, Sistema Asia Capital

Tejash is the Executive Director, Board Member of Sistema Asia Capital, based out of Singapore. Tejash also serves on the Board of Sistema Asia Fund Pte. Ltd.

Tejash has over 13 years of work experience in equity investments and fund management activities in Singapore. Previously Tejash worked at Enam Asset Management (Singapore) Pte. Ltd. for 5 years (Jun 2011 - Jun 2016), Reliance Asset Management (Singapore) Pte. Ltd. (Jan 2008 - Apr 2011) and prior to that at Marshal Fund Partners Pte. Ltd. (Jun 2005 - Nov 2007). In previous assignments, Tejash was part of the investment teams that managed portfolio construction, trading and analytics of portfolios, supported investment decision making, risk management, assisted in marketing, investor relations and oversaw operations. Tejash was an integral part of the team which was awarded one of the largest global institutional allocations to India in 2008 and 2012-2015 respectively. Tejash has knack of building investment management platforms from initial stages including investment disciplines, operations, risk management and compliance functions.

Tejash holds Master’s degree in Financial Management from Middlesex University Business School (London, UK) and received Bachelor’s degree in Chemical Engineering from the M.S. University (Baroda, India).

Tejash enjoys swimming in leisure time and likes to be involved in social aspects such as volunteering, helping people.