Tata Capital's Growth Fund has raised $200m, primarily from third parties, although Tata has contributed about $40m, according to news provider Mint.
Tata Capital, a financial services subsidiary of India-based industrial group Tata Sons, has reportedly raised half of its planned $400m corporate venturing fund.
Tata Capital’s Growth Fund has raised $200m, primarily from third parties, although Tata has contributed about $40m, according to news provider Mint.
The company confirmed to Mint that 95% of the money raised so far was from a mix of institutional investors. Tata Capital used Japanese firm Mizuho as its placement agent.
Akhil Awasthi heads the…
