Merisis raises Rs.50-Cr out of Rs.200-Cr for dedicated startup fund

Mumbai-based Merisis Advisors is raising a dedicated startup investment fund as it seeks to tap opportunities from the pandemic-aided digital boom. The fund will aim to collect INR 200 crore from global private equity firms, HNIs and family offices. Called Merisis Opportunities Fund, and set up as a Category I alternative investment fund (AIF), it has already raised about INR 50 crore from investors, including Bahram Vakil, cofounder of AZB Partners; Dev Bhattacharya, business head at Aditya Birla Group; and several other corporate executives.