India: GSK Velu to launch $77m fund to make early-stage investments

Mumbai-based Metropolis Healthcare Ltd’s co-promoter GSK Velu is launching a family office fund to make early-stage and growth capital investments, according to the Times of India report.

The fund, which is still not named will have an initial corpus of Rs 500 crore ($77.1 million). He expects to start it by January 2016  and it will be led by a professional team.

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