Ambit Pragma pases halfway point in fundraising for second vehicle
Indian venture capital firm Ambit Pragma has raised $77 million for its second fund. Ambit Pragma Fund II has a final target of $150 million and is expected to close by March 2013.
CDC and International Finance Coporation (IFC) - both investors in Fund I - are anchoring the new vehicle. IFC, which invested $15 million in the first fund, is reportedly looking to invest up to $20 million...
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