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The new fund has received commitments from Play Capital, a Nordic Fund of Funds (FoFs) and family offices such as Eraya, Twin & Bull Investments and Heritage Investments.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The funding round also saw participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures.
The target corpus of the new fund includes a greenshoe option of Rs 150 crore.
The funding round also saw participation from angel investors including founders and executives at fintech firms.
The funding round saw participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors.
Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
The funding round also saw participation from existing investors A91 Partners and Aditya Birla Ventures.
