Explore the latest news, in-depth reports, and executive analysis tagged with #Alternative Investment.
The fund, registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF), has a target corpus of Rs 150 crore.
This comes after the the Union Cabinet had approved the Startup India Fund of Funds 2.0 earlier in February.
Fibe, formerly known as EarlySalary, will use the fresh capital to strengthen and expand the platform's lending capabilities.
Launched three months ago, NSCOF-II -- a SEBI-registered Category II Alternative Investment Fund (AIF) -- is targeting a total corpus of Rs 5,000 crore.
The IGPF-I Fund has secured capital commitments in excess of Rs 575 crore, which is above its target size of Rs 500 crore, the company said.
This marks a crucial step toward finalisation of the merger, with only the National Company Law Tribunal (NCLT) approval remaining.
The fractional property ownership platform—backed by Elevation Capital and Nikhil Kamath-backed Gruhas VC—has become embroiled in a legal dispute with Avigna.
