| Applied Solar Technologies, a Delhi based solar power company has raised R256.36 Cr ($40 Mn) in a new round of funding led by Australian government’s sovereign wealth fund Future Fund, alongwith existing investors Bessemer Venture, Capricorn Investment and IFC.
With the closure of fourth funding round, Applied Solar took its overall PE funding to more than $85 Mn. In 2009, Bessemer had invested an undisclosed amount in the company. In 2010, IFC alongwith Bessemer invested $21 Mn in the second round. Again in 2012, Bessemer, IFC and Capricorn invested $24.6 Mn in the company...............................................Full Article: Source
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