Piramal Enterprises’ India Venture Advisors is planning to raise $185 Mn for a new fund which will focus to invest in healthcare and education.The bulk of the fund would be raised from India, while global investors would be tapped for about 20%.
Recently, the fund was planning to raise R500 Cr to invest in healthcare and life sciences segment.India Venture currently manages about R3.7 Bn and has investment in C&C Construction ($11 Mn), Sri Kavery Medical Care ($18.4 Mn) and Vardhman Chemtech.
This April, the fund invested R40 Cr in Sangli based manufacturer of ductile iron castings - Tulsi Castings and Machining.
Naya Ventures, focused on early stage investments in the cloud and mobile space, announced the first closing of its $50 Mn (R250 Cr) fund.
Bengaluru and San Francisco-based Zendrive, has raised about R91 Cr ($13.5 Mn) in Series A funding led by Shervin Pishevar of Sherpa Capital, Nyca Partners and Thomvest Ventures.