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flag IIFL Fintech Fund closes $23M fund to invest in India's AI-driven startups, targeting rapid growth.

flag IIFL Fintech Fund has closed its second investment fund at Rs 200 crore ($23 million), backed by rich individuals and family offices. flag The fund targets India's fintech startups, especially those using AI. flag It has already invested in 14 companies, achieving a 22.5 times revenue growth over three years. flag The fund aims to further support emerging fintech and AI firms in India.

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