/ -- CerraCap Ventures, a leading early stage technology venture capital firm, today announced a strategic investment of an undisclosed amount from a unit of IIFL Wealth Management Limited (IIFL Wealth), in CerraCap Ventures Fund II.
Headquartered in Orange County, CA, CerraCap Ventures focuses on areas of Cyber Security, AI and Digital Health. Leveraging a unique "Sales and Scale" business model, CerraCap goes beyond providing just capital to early stage companies. They help startups sell into large enterprises through an ecosystem of decision makers and an influential advisory board consisting of global leaders.
IIFL Wealth is one of the leading private wealth management firms in India with an AUM of around USD 24 billion. General Atlantic, a leading global growth equity firm, is among the large investors. The competitive positioning and growth prospects of IIFL Wealth have been endorsed by way of further investments from WF Asian Reconnaissance Fund (a fund managed by Ward Ferry), Rimco Mauritius, Amansa Holdings Pvt Ltd, Steadview and HDFC Standard Life Insurance.
Saurabh Ranjan, Managing Partner CerraCap Ventures, said, "We are honored to have IIFL Wealth as part of our distinguished list of Limited Partners and look forward to a strategic relationship with them."
"Technology startups need a lot more than just capital and guidance, provided by most investment firms, to realize their complete potential. CerraCap has a diverse and highly experienced team of sales, technology and finance professionals with deep experience in technology, investment and growing startups into large organizations," said Vikas Datt, Managing Director and Partner at CerraCap Ventures. "We are proud to join forces with IIFL Wealth. This is the first step in what will be a long and strategic partnership."
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