The International Finance Corporation (IFC) plans to invest $10 million in the second fund raised by India Alternatives, a division of IIFL Wealth Management. The vehicle has an overall target of $70 million.
According to a disclosure, IFC will also contribute $500,000 for co-investments in certain companies alongside the fund. This will be done under the We-Fi investment program, a scheme that seeks to support...
Prosus Ventures, formerly a VC arm of South African media conglomerate Naspers, has led a $30 million Series C round for Indian agricultural technology provider DeHaat.
Having scaled up in fund size to $75 million for its second vintage, Endiya Partners is looking for opportunities in an increasingly attractive yet competitive Indian start-up ecosystem
Placement agent Monument Group has appointed Hiroshi Nishimuro, formerly of Morgan Stanley, as its Japan representative to lead fundraising efforts and manage GP relationships in the country.
Simon Lau, who has led the Asian operations at fund-of-funds Pathway Capital Management since 2012, has been promoted to managing director.