Fund News
Bajaj Finserv launches alternative investment unit with venture, real estate funds
Mumbai-based Bajaj Finserv Ltd has set up a wholly owned subsidiary named Bajaj Alternate Investment Management Ltd to enter the alternative investment space. The company plans to launch two funds: an early-stage venture capital fund targeting Series A and B companies and a commercial real estate-focused investment fund. Bajaj Finserv aims to raise between INR 1,500 crore and INR 2,000 crore for each fund.The venture capital fund will focus on automation, technology, and business-to-consumer brands that accelerate go-to-market strategies. Bajaj Finserv has already invested INR 200 crore in early-stage companies such as KisanKonnect and Ecosoul Home using proprietary capital and plans to warehouse these deals into the fund. Additional investments of INR 150-200 crore are expected before the fund launch. The group will act as the anchor investor and seek third-party capital from high-net-worth and ultra-high-net-worth individuals.The commercial real estate fund will target investments of INR 500-600 crore per deal and in top-tier cities.
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