Singularity Progress Founder and Chief Funding Officer Yash Kela advised PTI that the total closure of the fund is predicted within the subsequent two to 4 quarters.
“We’ve raised Rs 500 crore out of Rs 1,500 crore and have already made the primary funding from Fund II. We’ll take a look at making investments of round Rs 75-175 crore per funding throughout 14-18 offers,” Kela mentioned.
He mentioned the time interval of utilising or investing funds for the agency is three years.
Singularity Progress plans to put money into startups that function within the discipline of vitality transition, client, monetary providers, enterprise software program, and manufacturing.
He mentioned the agency will begin exiting from 3-4 portfolio firms yearly 2024 onwards.
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