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Pavestone raises nearly $100 mn
Mint Mumbai
|November 15, 2024
Hyderabad-based venture capital firm Pavestone VC, which invests in early- and growth-stage firms, has closed its maiden fund with a corpus of ₹816 crore (about $97 million).
The firm had launched Pavestone Technology Fund in July 2021, aiming to raise ₹600 crore initially, but lifted the size twice through the greenshoe option to accommodate investors, it said.
VCCircle reported on the fund's plan to increase the target size to ₹850 crore last year.
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