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The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
The startup had previously raised $3 million in a pre-Series A funding from Pravega Ventures in January 2025.
The fund will follow a multi-stage approach from venture, to growth, to late-stage private equity and pre-IPO opportunities.
Groww Asset Management is also entering into a strategic relationship agreement with the buyer.
The Mumbai-based company will use the fresh capital for growth initiatives and for operational purposes.
The latest investment from OeEB raises total commitments in VIRAF to $165 million, moving it closer to its $250 million target.
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 JV’s wholly owned subsidiary will be called 'Jio BlackRock Broking' -- which will undertake the business of broking.
Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).
