India Digest: FAAD gets Sebi's nod for $36m AIF; Java launches $9m fund

India Digest: FAAD gets Sebi's nod for $36m AIF; Java launches $9m fund

Photo: Mint

Early-stage investor network FAAD announced that it has received market regulator Sebi’s approval to launch a category-1 alternative investment fund (AIF) with a corpus of $36 million (Rs300 crore). Separately, Java Capital has launched its first fund with a corpus of $9 million.