SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Indian media notes that LP commitments mainly came from domestic banking, insurance and financial institutions, with SIDBI also committing INR250-300 crore ($53-64 million). The fund is expected to focus...
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