Stellaris Venture Partners to launch $160 mn fund; IFC to invest $25 mn

Stellaris Venture Partners India Trust II is targeting a $160 million fund. World Bank's investment arm International Finance Corporation (IFC) is planning to invest $25 million in the new fund.

The proposed investment by IFC is an equity investment of up to $25 million in Stellaris Venture Partners India Trust II (Fund), a trust domiciled in India, said IFC.

The fund focuses primarily on seed and series A investments in Indian technology-enabled companies and is targeting $160 million in total commitments.

The fund plans to invest in 20-25 companies across healthcare, education, financial services, logistics, consumer internet and enterprise technology sectors.

The fund will