Amazon’s partner in India, private equity firm Samara Capital, is planning to raise up to $500m for a new Indian-focused fund, Bloomberg reported.
The firm is reportedly looking to invest in the retail, healthcare, technology and finance sectors and plans to close the fund in the second half of the year, quoting the firm’s founder and managing director Sumeet Narang.
He said, “We have started the roadshows and many of our existing investors across the U.S., Europe, Middle East and Asia Pacific have already signed up.”
Samara closed Fund II in 2013 on $125m, according to data from cbinsights. The firm was said to be planning to launch a $550m fund in 2018 but did not announce an official close.
Last week, fellow Indian VC firm Chiatae Ventures was said to be looking to raise $700m to invest in the tech sector in India.
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