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IIFL to raise $153M to invest in startups, VC funds

Tuesday, August 18, 2015 | More »

IIFL Holdings Ltd’s (formerly India Infoline) wealth management unit, IIFL Wealth Management Ltd, is looking to raise Rs 1,000 crore ($153.4 million) to invest in startups and venture capital funds. IIFL itself is going to invest Rs 25-50 crore in the fund christened ┬áIIFL Seed Ventures Fund ...