India’s IvyCap Ventures in $19m first close for debut fund
Early-stage investor IvyCap Ventures has reached a first close of INR1.05 billion ($19 million) on its debut fund. The full target for IvyCap Ventures Trust Fund I is INR2 billion.
Vikram Gupta, the firm's founder and managing director, told LiveMint that capital commitments came from large institutions and a group of individual investors. Three national banks, a government department...
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