IIFL Fintech Fund closes Rs 200 crore second fund

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IIFL Fintech Fund, backed by financial services conglomerate IIFL Group, has closed a second fund having raised Rs 200 crore from domestic family offices and high net worth individuals (HNIs).

In a press statement, the company said that it will focus on investments in Indian fintech startups including those working in the generative artificial intelligence (GenAI) sector.

Established in 2021, IIFL Fintech Fund has backed 14 startups, including the likes of Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Riskcovry, and TrustCheckr.

“We have…



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IIFL Fintech Fund closes Rs 200 crore second fund


IIFL Fintech Fund, backed by financial services conglomerate IIFL Group, has closed a second fund having raised Rs 200 crore from domestic family offices and high net worth individuals (HNIs).

In a press statement, the company said that it will focus on investments in Indian fintech startups including those working in the generative artificial intelligence (GenAI) sector.

Established in 2021, IIFL Fintech Fund has backed 14 startups, including the likes of Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Riskcovry, and TrustCheckr.

“We have…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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