Singularity AMC's second fund SGOF II closes at Rs.2,000-Cr

Growth equity platform Singularity AMC 's second fund, Singularity Growth Opportunities Fund II, has closed at INR 2,000 crore (USD 235 million). The fund aims to back growth-stage and pre-IPO startups.The fund saw participation from institutional investors, including leading domestic development finance institutions (DFIs), public and private banks, insurance partners and endowments, which made up 22% of the fund’s capital.