Fund raising is more difficult now than before, startup valuation at angel rounds is worrying: Ajay Relan

Fund raising is more difficult now than before, startup valuation at angel rounds is worrying: Ajay Relan

In December, Ajay Relan decided to step down from running CX Partners, the private equity firm he founded in 2008, after quitting his job of heading the private equity business in India for Citibank. CX Partners is now running a $500 million fund, and has plans to raise a second, similar-sized fund, by October this year.

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