Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Sorin Investments makes final close of maiden fund with Rs.1,350-Cr: report
Venture Capital firm Sorin Investments, founded by former KKR India CEO Sanjay Nayar, has made the final close of its maiden fund at INR 1,350 crore.The fund counts KKR cofounder Henry Kravis, and Indian family offices such as Hero Group’s Munjal family and Hong Kong-based The Caravel Group’s Banga family among its key sponsors. Sidbi-sponsored Fund of Funds for Startups (FFS) scheme, the startup fund set up by the Uttar Pradesh state government, SBICAP Ventures managed Self-Reliant India (SRI) fund also backed Sorin’s maiden fund.Sorin had made the first close of the fund in 2022 at INR 800 crore, followed by the second close at INR 1,000 crore last year.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.