Final close · Fintech
IIFL Fintech Fund Series II reaches INR5 billion final close
The fund will invest in early- and growth-stage fintech businesses and reserve capital for follow-on investments.
IIFL Fintech Fund Series II has completed its final close at INR5 billion, raised from domestic family offices and high-net-worth investors. The total includes the INR2 billion first close announced in January 2025.
The vehicle plans to back 20–25 startups across lending, payments, compliance, wealth technology, insurance technology and embedded finance. It will allocate 20–25% of its capital to follow-on investments in selected companies from its first fund.
Use of funds
Invest in early- and growth-stage financial technology companies
Follow-on investments in selected existing portfolio companies
Funding history
Final close · This round₹5B