IDG Ventures India racks up $150m for latest fund

May 12, 2016 • Robert Lavine

IDG's Indian venture capital affiliate hopes to reach a $200m final close this year, and intends to use the money to invest at later stages.

IDG Ventures India, the Indian venture capital affiliate of IT media company International Data Group, has raised $150m for its third fund, the Economic Times reported today, citing two people directly familiar with the development.

Founded in 2006, IDG Ventures India’s portfolio has included e-commerce company Flipkart, business intelligence provider Manthan Systems, online baby and childcare retailer FirstCry and online travel booking platform Yatra.

The firm is targeting $200m for IDG Ventures India Fund III and aims to reach a…

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