BlackBook Investments: $10M AUM Buying Internet Businesses for Passive Investors

Who built it, and what they built

Mohit Tater runs BlackBook Investments from Gurgaon, Haryana, India. The firm acquires profitable internet businesses and manages them on behalf of investors who want passive exposure to the asset class.

Clients tend to be high-earning professionals such as doctors, consultants, and lawyers, or entrepreneurs who have had an exit and want to diversify where their money sits.

How they grew

Over the last year the team expanded from 15 people to 25, assets under management crossed into eight figures, and revenue growth came close to 50%. Mohit says demand for quality online businesses now exceeds the available supply.

The firm also ran three funding rounds alongside WebStreet, previously known as Empire Flippers Capital, bringing in more than $4m through that partnership.

Most new business arrives through word of mouth in what Mohit calls a close-knit industry where everyone knows everyone, so the firm lets its track record do the marketing.

Podcast appearances added reach, with some shows coming as organic inbound requests and others booked through a company called Legendary Podcasts.

• Payback Time
• LifeBlood
• Empire Flippers
• Niche Website Builders
• Niche Pursuits