IAN makes first close with Rs.355-Cr for 2nd fund

IAN Group's venture capital fund, IAN Alpha Fund, has achieved its first close at INR 355 crore. The fund, with a total size of INR 1,000 crore, represents the second venture capital fund in IAN Group's series. Investors in IAN Alpha Fund include SIDBI (Small Industries Development Bank of India), SRI Fund, and various repeat investors from IAN Fund I.