India: Early-stage firm IvyCap Ventures makes first close of Fund 3 at $214m

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India’s early-stage investor IvyCap Ventures has announced the first close of its Fund 3 at Rs 1608 crore ($214 million) as it bets big on sectors such as consumertech, deeptech, healthtech, fintech, SaaS, edtech, among others.

The fund is targeting to do the final close at Rs 2000 crore. “However, looking at the demand and the fund strategy, it may increase the size to Rs 2500 crore,” the firm said in a statement.

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