IndiaVenture eyes $25m first close on healthcare fund
IndiaVenture Advisors (IVA), the PE arm of Indian healthcare company Piramal Enterprises, expects to reach a first close at around INR1.5 billion ($25 million) next month on IndiaVenture Trust Fund II, which has a full target of INR10 billion.
The fund was registered in March 2013 and has so far received commitments of INR1.25 billion, mostly from banks and financial institutions invested in the first fund. They have doubled their commitment...
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