Singularity AMC raises Rs.350-Cr for Rs.600-Cr tech fund

The Madhusudan Kela family-promoted Singularity AMC has launched a INR 600 crore alternative investment fund that will provide growth capital to technology-driven companies. Of the total target corpus, INR 350 crore has already been raised and INR 150 crore already deployed across six companies. The fund will focus on investment themes such as insure-tech, fintech, enterprise SaaS (software-as-a-service), education loans and services, digital customer communication, and differentiated beauty and personal care, among others.