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Exclusive: IvyCap raises bulk of second fund, to start returning from debut fund

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IvyCap Ventures Advisors Pvt. Ltd aims to start returning capital to investors in its debut fund this year and is in the last leg of fundraise for its second vehicle, a top executive at the Mumbai-based early-to-growth stage venture capital firm told VCCircle. The VC firm had raised Rs 240 crore for its first fund called IvyCap Ventures Trust Fund I in 2013. It invested in 10 firms from the first fund. These included RML AgTech Pvt. Ltd (formerly known as Reuters Market Light), Aujas Networks Pvt. Ltd and online retailers eShakti.com and Purplle.com. It hasn’t yet sold its stake...

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IvyCap Ventures Trust Fund I is a $43 million venture capital fund managed by IvyCap Ventures Advisors Pvt. Ltd. It provides seed, early and expansion stage capital to companies in India. The fund seeks to invest in innovation, technology and healthcare sectors. It typically invests $3.3 million in its portfolio companies.

IvyCap Ventures Trust Fund II is a $96 million venture fund managed by IvyCap Ventures Advisors Pvt. Ltd. with an green shoe option of additional $96 million. It provides capital to early and growth stage companies operating in India. The fund seeks to invest in healthcare, education, rural, agriculture and technology sectors.

Head office:
Mumbai
Year Founded:
2015
Management:
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