The new fund, called B8 Fund-I, is the company’s first focused vehicle for investing in later-stage companies.
Indian technology holding company Info Edge has launched a growth-stage investment fund with an initial capital commitment of around $27.4m (Rs 250cr).
The new fund, called B8 Fund-I, is the company’s first for investing in later-stage companies. It will target growth-stage, technology-enabled startups based in India or primarily focused on the Indian market and have a tenure of eight years from its first close.
The new fund may also raise capital from external investors, increasing the fund’s total beyond the initial Rs 250 crores.
Info Edge operates four early-stage investment funds, including Info Edge Ventures, totaling Rs 2,300cr ($252.5m) across three funds; Capital 2B with Rs 280cr ($30.7m); and Redstart Labs which invests in AI-led startups. It also invests directly from the company balance sheet.
See all the recent deals by Info Edge in the CVC Funding Round Database
Oishani Mitra
Oishani Mitra is the content manager for Global Corporate Venturing.
