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IIFL Fintech Fund closes $23M fund to invest in India's AI-driven startups, targeting rapid growth.
IIFL Fintech Fund has closed its second investment fund at Rs 200 crore ($23 million), backed by rich individuals and family offices.
The fund targets India's fintech startups, especially those using AI.
It has already invested in 14 companies, achieving a 22.5 times revenue growth over three years.
The fund aims to further support emerging fintech and AI firms in India.
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IIFL Fintech Fund cierra el fondo de $23M para invertir en las startups impulsadas por la IA de la India, apuntando a un crecimiento rápido.