Cedar-IBSi Capital to fund 10 to 15 startups in fintech sector

Quick Summary:

The fund has already gathered commitments in the range of Rs 50-75 crore from its Rs 240 crore early-stage fund launched in 2023.

"The fund will focus heavily on backing seasoned entrepreneurs who are building solutions and technology in the area of BFSI (Banking, Financial Services, and Insurance) Technology; and enterprise fintechs," he added.

"We will aim to fill the gap in this space," Anand said.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Fund Early-stage Startups Companies Range Technology Crore Capital Policy Cedar-ibsi Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 11:48:49 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 241 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23613320

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions