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SUMMARY
Cedar-IBSi Capital has closed 60% of its maiden INR 175 Cr ($20 Mn) fund, mopping up INR 100 Cr (around $11 Mn) so far
The VC firm further said that other investors have pledged INR 10-15 Cr towards the investment vehicle
The fund aims to invest in 15-20 startups catering to the B2B fintech ecosystem with an initial ticket size ranging from $500K to $1 Mn
Fintech-focused venture capital firm Cedar-IBSi Capital claims to have closed 60% of its maiden INR 175 Cr ($20 Mn)…
