Canonicus Capital raises Rs 192 crore first close of fund
In short
Canonicus Capital has raised Rs 192 crore in the first close of its Special Situations Fund. The firm says it will use the money for selected opportunities in the National Capital Region and is working toward a Rs 500 crore target.
It may support more startup and special-situations investing in NCR.
What the reporting says
Canonicus Capital raised Rs 192 crore in the first close of its Special Situations Fund, with the firm saying it will deploy the capital into selected opportunities across the National Capital Region. The fund is being built toward a Rs 500 crore target. The reported move signals early fundraising progress for the startup-focused investment vehicle.
Why it matters
Canonicus Capital completed a Rs 192 crore first close for its Special Situations Fund and said it will deploy the money into selected opportunities in the National Capital Region. The firm is still aiming for a Rs 500 crore final target.