India: IIFL Fintech Fund closes second investment vehicle at $23m

India: IIFL Fintech Fund closes second investment vehicle at $23m

The IIFL Fintech Fund has closed its second vehicle at Rs 200 crore ($23 million), per an announcement. The firm has garnered commitments from India’s top family offices, UHNI, and HNI investors for the IIFL Fintech Fund – Series II as it looks to ramp up investments in the country’s next-generation fintech firms.

Edited by: Joymitra Rai

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