Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa. AVMS is part of the Intellecap-Aavishkaar group, which includes other entities such as Intellecap, which offers investment banking, consulting and other services for the impact investment space.
Trifecta Capital Advisors, is gearing up for an active year as it aims to make the final close of its latest fund. The venture debt firm had earlier targeted to close its fund in late 2016 after it announced the first close of its fund in September 2015 at INR 200 crore of its initial target of INR 300 crore, which came with a green shoe option of INR 200 crore.
Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Founded in 2011 TaxSutra runs online subscription-based portals on direct tax, indirect tax, transfer pricing (TP) and corporate laws.