India Digest: Sistema fund plans to increase corpus; Avendus secures $55m

Ranu Vohra, Managing Director and CEO, Avendus Capital

While Sistema Asia Fund is looking to increase its corpus from $50 million to $120 million, Avendus Capital is in the process of raising $55 million funding.

Sistema Asia Fund looks to increase corpus to $120m

Sistema Asia Fund, capital fund of Russian conglomerate Sistema JSFC, is looking to bring in other investors as it plans to raise the corpus of its fund from $50 million to $120 million, said a Business Standard report.

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