Jaipur-based merchant banker and stockbroker Holani Consultants has raised ₹184 crore for its new SME-focused ₹300 crore fund launched in late April this year.
The Holani Group had ventured into the fund management and investment segment post approval from the Securities and Exchange Board of India (SEBI) for its Alternate Investment Fund early this year.
The fund also has a greenshoe option to retain additional ₹100 crore.
“With our sector-agnostic strategy, we aim to create long-term value for our clients while fostering innovation, entrepreneurship and economic growth of India through our fund,” Ashok Holani, Director of Holani Consultants Private Limited said.
The venture capital fund (VCF) -- Holani Venture Capital Fund Category I AIF (Alternate Investment Fund) – is an Indian growth capital private equity fund that is managed and sponsored by Holani Capital Advisors.
The fund has now been duly registered under SEBI as Category I AIF – Venture Capital Fund.
The fund provides opportunity to individuals, including high networth individuals, corporates, institutional investors, financial institutions, family offices, insurance companies, foreign investors, other alternative investment funds and other permissible investors to invest through this fund.
First Published: Jun 4, 2024 5:43 PM IST
