The Delhi-based Nueva Capital and Singapore-based Lighthouse Canton have teamed up to form LC Nueva Investment Partners, which has just launched the LC Nueva Momentum Fund.
This comes after its first fund successfully closed at Rs 350 crore. Its portfolio firms won additional fundraising rounds, with half of them attaining an exceptional nearly 57% compound annual growth rate (CAGR) in average revenues.
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This fund is expected to raise a total of INR 250 crore, with an initial target size of INR 150 crore and a further greenshoe possibility of INR 100 crore.
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