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Pranay Adhvaryu

Head Of Investments at Gray Matters Capital

Dubai

Overview 

Pranay Adhvaryu is the Head of Investments at Gray Matters Capital in Dubai, with a strong background in private equity, corporate finance, and investment banking. With experience at reputable firms like Morgan Stanley and India Equity Partners, he has successfully invested in companies like Kreedo Early Childhood Solutions at various stages, specializing in sectors such as retail, education, and fintech.

Work Experience 

  • Head Of Investments

    2022 - Current

    Gray Matters Capital is an impact focused fund with $100 million of AUM. Our main theme of impact is to create a positive influence on low/ middle income groups and their livelihood. With Asia as our regional focus, we have investments across two strategies - direct investments in startups from $0.3 to $3mm capital and as fund of fund investors backing fund managers that are aligned with our impact goals

edLABS is Gray Matters Capital’s early stage education.

  • Director - Alternative Investments & Strategy

    2018 - 2019

  • Principal

    2008 - 2018

    IEP is an India-focused, long-term, growth-oriented Private Equity Fund with office in Mumbai. IEP has $400 million of AUM across a portfolio of companies within two themes - consumer services / products (education, healthcare, financial services, QSR, etc) and infrastructure services (logistics)

  • Analyst

    2006 - 2008

    Analyst with Investment Banking team in Media, Telecommunications and Education sector team. Selected for a four months stint in Singapore office

Morgan Stanley Venture Partners is a private equity firm that invests in high-growth companies in the technology and healthcare industries.

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