Investment firm Oister Global announces Rs 440 crore ($58 million) fund, Oister India Pinnacle Fund (OIPF), to support consumption-driven and technology-led sectors in India.

Oister Global, an investment firm that backs private equity and venture capital funds, announced a Rs 440 crore ($58 million) fund to support both established consumption-driven sectors and emerging technology-led innovative sectors in India. The new fund, known as Oister India Pinnacle Fund (OIPF), is designed to capitalize on India's consumption-driven growth. The firm aims to inject Rs 4,500 crore ($600 million) into India's VC/PE ecosystem over the next two years and launch a private credit fund in the next quarter.

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