India: IFMR on road to raise $38m debt fund for investing in bottom of pyramid markets

India: IFMR on road to raise $38m debt fund for investing in bottom of pyramid markets

IFMR Investment Managers Pvt Ltd, a Chennai-based asset management company, is raising a Rs.250 crore (about $38 million) debt fund to invest in businesses that target consumers at the bottom half of the pyramid, such as firms that finance affordable housing or agri-business.

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