Singularity Ventures announces first close of Fund II at Rs 500 Cr – Entrackr
It deploys up to 20% of the corpus in growth stage startups, another 20% for preIPO companies, and about 40% of the corpus is for growth equity for companies where it has held stake for around four years. Singularity Growth Opportunities Fund II will also deploy the corpus in a similar manner. The firm is targeting investments of Rs 75 crore Rs 175 crore in around 1416 startups.