Fund News
Cedar Capital announces first close of Rs.240-Cr fintech fund at Rs.75-Cr
Cedar Capital , the fintech-focused venture capital arm of fintech market intelligence platform IBS Intelligence, has announced the first close of its INR 240 crore (USD 30 million) FinTech Venture Capital fund, with about INR 75 crore.The fund, which will write cheques in the range from INR 4 to INR 10 crore, would invest in about 15 early-stage startups, with a focus on banking technology and business-to-business (B2B) fintech.
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