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May 26, 2013

Fund Alert: Infuse holds first close at Rs.75-Cr

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, which is raising a Rs.125 crore fund, had its first closing at Rs.75 crore.

Infuse Ventures, jointly promoted by BP Plc, IFC, ministry of new and renewable energy, Technology Development Board and IIM-A, will invest capital in companies across India and actively incubate ideas from scratch. The fund will invest in the range of Rs.50 lakh to Rs.6 crore and will take stake between 20% and 30%. 

Source: Mint
 
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