India: IvyCap Ventures eyes final close of third fund at $250m by Oct-end

Homegrown venture capital firm IvyCap Ventures, which has backed Indian startups including Purplle, Bewakoof, Biryani by Kilo and BlueStone, is expected to hit the final close of its third fund at $250 million (about Rs 2,000 crore) by October end, its founder and managing partner Vikram Gupta told DealStreetAsia.