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Impact investor Aavishkaar to raise $150 Million Africa fund

January 3, 2017

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.

Read more - http://www.dealstreetasia.com/stories/aavishkaar-to-raise-150-million-fund-for-africa-investments-61837/

Trifecta Capital targets final close of $73.5 Million fund, to invest $11 Million by April

January 3, 2017

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.

Read more - http://www.dealstreetasia.com/stories/61804-61804/

TaxSutra raises INR 2.5 Crore funding from Former Infosys CFOs

January 3, 2017

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.

Read more - http://www.vccircle.com/news/technology/2017/01/02/exclusive-former-infosys-cfos-sign-another-cheque-taxsutra

pi Ventures to invest INR 200 crore in AI-focussed startups

January 2, 2017

pi Ventures has raised money from Bhupen Shah, ex-cofounder of Sling Media and Jungle Ventures; Sanjeev Bhikhchandani. The fund has a target corpus of $30 million (approximately INR 200 crore) and will invest in the early stages of an AI-focussed startups.

Read more - http://economictimes.indiatimes.com/articleshow/56285362.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

instantPay raises funding in Pre-Series A round

December 30, 2016

Digital payments and financial services company instantPay has raised funding in the range of $3-5 million (INR 20-34 crore) from Singapore-based investors RB Investments and Kaleden Holdings.The funding, which is part of a preseries A round, will be utilized for the development of new products and geographical expansion across the country. A part of the funding will be used to build the brand and for marketing.

Read more - http://economictimes.indiatimes.com/articleshow/56247836.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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