Indian industrial conglomerate Reliance Capital to start raising half its $500m fund from overseas investors, VCCircle reports.
Reliance Equity Advisors, the private equity arm of Indian industrial conglomerate Reliance Capital, is reportedly planning to raise half its next fund from overseas investors. This will be Reliance’s first corporate venturing fund with external investors.
Local news provider VCCircle after an interview with Ramesh Venkat, chief executive of Reliance Equity Advisors, said entrepreneur Anil Ambani’s Reliance would raise between $250m and $300m from overseas investors to close the fund at about $500m. Reliance Equity Advisors has already raised…
