IvyCap Ventures’ Debut Fund Makes First Close at US$19 Million (Asia)

Source: VCCircle  |  Author: Megha Arora

India-based venture capital fund management company IvyCap Ventures Advisors has completed a first close of INR1.05 billion (approximately US$19 million) for its debut SME fund, IvyCap Ventures Trust Fund I. The fund, which aims to raise a total of INR2 billion (approximately US$36 million), will target the healthcare, energy, agriculture and technology sectors.