Exclusive: IFC to invest $10m in tech-focused VC Stellaris’ maiden $100m fund

Stellaris Venture Partners founders Rahul Chowdhri, Alok Goyal and Ritesh Banglani. Photo: Mint

International Finance Corporation, the private investment arm of World Bank, has agreed to make an equity investment of $10 million in tech-focused venture capital firm Stellaris Venture Partners.

The early-stage investment firm’s Stellaris Venture Partners India I, which has a target size of $100 million, had marked its first close in January 2017, at $50 million. The next close is expected to take place in June 2017, said IFC in a disclosure.

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