Former banker Dhruv Jhunjhunwala’s Novastar Partners targets Rs 350 Cr fund

Former investment banker Dhruv Jhunjhunwala has launched Novastar Partners, an investment firm focused on India’s private markets.

While the firm has not disclosed details about its maiden fund, a person familiar with the matter told Entrackr that Novastar is targeting a corpus of Rs 350 crore with a green shoe option of Rs 150 crore.

Jhunjhunwala, who previously worked with RBC Capital Markets in New York, is an alumnus of New York University’s Stern School of Business. He has evaluated more than 100 private equity and technology-driven…