@PiramalEnterprises’ @IndiaVenture_Trust1 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.