VC firm Promaft Partners announces Rs.1,000-Cr fund

Venture Capital firm Promaft Partners is raising its maiden fund of INR 1,000 crore, including a greenshoe option of INR 200 crore. Promaft - short for ‘product market fit’ - has been launched by Alibaba Group’s former investment head Raghav Bahl and former 9Unicorns partner Soham Avlani.