While ChrysCapital aims to raise $2-2.2 billion for its tenth fund, Kedaara is in the market for its fourth fund of $1-1.5 billion, two people aware of the development said. For both, this will be their biggest funds so far.
The two funds, which will raise capital solely from global investors, will focus on Indian startups. Given that investment sizes are getting bigger, fund sizes need to grow as well, the people cited above said on condition of anonymity. While ChrysCapital's fundraising is in the pre-marketing stage, Kedaara has already received commitments for its fund.
Efforts by ChrysCapital and Kedaara Capital to raise large funds underscore the rising ambitions of India-focused funds looking to challenge global pools of capital. Many global funds have enhanced their India allocations and adopted flexible strategies, targeting growth-stage investments to full control or buyout transactions.
Denne historien er fra January 05, 2024-utgaven av Mint Mumbai.
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Denne historien er fra January 05, 2024-utgaven av Mint Mumbai.
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