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Mumbai, Nov. 1 VenturEast, a fund manager, unveiled its new $150 million fund, VenturEast Proactive Fund, which will invest in both early stage companies and growth stage companies. It will focus on the needs of SMEs and those companies at the bottom of the markets.

The fund already has commitments that come close to $100 million and plans to close at $150 million. Marquee investors include Argonaut Private Equity USA, SEDCO Saudi Arabia, LIC, the IFC and other investors include Marquee European investors. “Unlike other large-size VC funds, our model is based on the businesses and technologies that are relevant to India and on having multiple funds with a pioneering focus in each,” said Mr Sarath Naru, Managing Partner, VenturEast.

More Stories on : Venture Capital | SSI

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