Former Infosys board members TV Mohandas Pai and V Balakrishnan have topped up their VC fund Exfinity by Rs 25 crore, taking the total corpus to Rs 125 crore. The fund had announced the closure of Rs 100 crore in June 2014, and the green shoe option of Rs 25 crore was open for subscription. Exfinity also has plans to launch a second fund with a corpus of Rs 125-130 crore, which is likely to be sector-agnostic.
Source: Financial Express
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