Dharana Capital raises $250 million for second India growth fund
The vehicle will back growth-stage technology and consumer businesses with ambitions to become larger public companies.
Dharana Capital has raised $250 million for its second India-focused growth fund. The financing brings the investment firm’s total assets under management to $450 million.
The new vehicle will invest in technology and consumer businesses, working with founders over the long term as companies scale and prepare for public markets. Its investors include US university endowments, health systems and other nonprofit institutions.
Use of funds
Invest in Indian growth-stage technology and consumer businesses