| ICICI Venture has raised $190 million (around Rs 1,250 crore) for its fourth private equity fund from Singaporean sovereign fund Temasek Holdings and existing investors to be invested in companies across sectors.
This is the first close for the India Advantage Fund Series 4, under which the PE subsidiary of the country's largest private sector lender ICICI Bank is targeting to raise $500 million, company sources said. It is a sector-agnostic fund and ICICI Venture will invest up to $25-50 million in each company, they said...............................................Full Article: Source
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