India's Singularity Ventures hits $60m first close of second fund

India's Singularity Ventures hits $60m first close of second fund

Singularity AMC, backed by investor and former Reliance Capital executive Madhusudan Kela, has secured the first close of its Rs 1,500 crore Growth Opportunities Fund II at $60 million (Rs. 500 crore), and expects to hit the final close in 2-4 quarters.

Edited by: Pramod Mathew