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IIFL Fintech Fund Secures Rs 200 Cr second fund

  • IIFL Fintech Fund has secured Rs 200 crore in its second fund from local family offices and high-net-worth individuals.
  • The fund will focus on investing in Indian fintech startups, particularly those working in the generative AI sector.
  • Since its establishment in 2021, IIFL Fintech Fund has supported 14 startups and experienced a 22.5x revenue growth in the past three years.
  • Recently, the fund led a Rs 80 crore Series B funding round in GrayQuest, a fintech startup focused on education.

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