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India: KKR-backed Avendus secures first close of Future Leaders Fund II at $78m dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Synopsis The aim is to “support the development of a world-class fintech hub” at GIFT City that’s designed to double up as a multi-service finance hub in Gujarat, Finance Minister Nirmala Sitharaman says in her budget speech. Mumbai: The government’s move to set up a fintech hub at Gandhinagar Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC) commonly known as the GIFT City is set to provide a platform for fintech startups to expand globally and access capital. While presenting the Union Budget 2021-22 in the Parliament on Monday, Finance Minister Nirmala Sitharaman said that the aim is to “support the development of a world-class fintech hub” at India’s first operational smart city specifically designed to double up as a multi-service finance hub in Gujarat. ....
Top funds make a beeline to set up AIF at Gujarat GIFT City The funds are expected to anchor in the international special economic zone that offers relaxations to investors, unlike the local arena. Synopsis Technology, life sciences, healthcare, pharma, fintech and consumption businesses remain some of the popular investment themes for deployment. MUMBAI: At least half a dozen entities, including Kotak Mahindra Capital, ASK Investment Managers, Avendus Group and Multiples Alternate Asset Management, are planning to set up Alternative Investment Funds (AIF) in the Gujarat GIFT City. The funds are expected to anchor in the international special economic zone that offers relaxations to investors, unlike the local arena. They will gradually raise money for AIFs from global institutions only ....
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