The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model.source https://economictimes.indiatimes.com/industry/banking/finance/axis-amc-raises-rs-400-crore-via-growth-avenues-aif-i/articleshow/87448945.cms
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