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.
Pi Datacenter Private Limited is raising R540 Cr from institutional VC’s as its seeks to start its R600 Cr proposed data centre at Mangalagiri in Guntur district of residuary Andhra Pradesh.