Arun Goel to join LIC Housing Finance's planned corporate venturing fund
Arun Goel has moved from heading India-based Dewan Housing Finance’s in-house venture capital operation to the same job at the country’s largest life assurer’s nascent VC subsidiary.
LIC Housing Finance’s VC fund, LIC Venture Fund, will start raising R500crore (about $100m) in September, Business Standard of India said.Goel said by email: "LIC and LIC Housing Finance will be the [fund’s] ponsors, and will provide approx. 20% cornerstone. Balance we intend to raise from others."