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The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
The round also saw participation from a group of angel investors.
The clarification comes after FIRs were registered in Bengaluru against MobiKwik and lending partner Lendbox.
The development comes days after the CBI conducted searches across multiple locations in Chandigarh and Panchkula, seizing financial documents and digital evidence linked to the alleged scam.
The second fund has a target corpus of Rs 300 crore with a greenshoe option to raise up to another Rs 100 crore.
The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).
Paytm has approved investments of up to Rs 300 crore in Paytm Money and Rs 155 crore in Paytm Services through rights issues.
The fresh capital will be used to boost its presence in southern India, enhance its proprietary credit infrastructure, and expand its lending to underbanked customer segments.
First Games said it will file a writ petition challenging the proposed liability of Rs 5,712 crore along with applicable interest and penalties.
In August, The Head and Tale was the first to report that ICICI Bank has terminated its exclusive merchant acquiring agreement with ICICI Merchant Services (IMSPL).
