Fund News
Fintech investor Cedar-IBSi Capital gets Rs.100-Cr commitments for debut fund
Mumbai-based fintech-focused investment firm Cedar-IBSi Capital has received commitments worth INR 100 crore, along with additional soft commitments worth INR 10-15 crore for its debut fund, which it expects to close in the coming months.Institutional investors backing the fund include Muthoot Finance and IIFL Capital. The fund has also attracted participation from over 20 family offices, including a Middle East royal family entity and Dr Reddy’s family office.The firm’s first fund is looking to invest in pre-Series A and Series A rounds of 10-15 companies with initial investment cheques ranging between USD 500,000 and USD 1 million.Founded in 2020, Cedar-IBSi Capital is an early-stage FinTech venture capital fund, primarily focused on B2B (business-to-business) fintech and financial services infrastructure companies.
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