Lok Capital aims to raise $45 million fund by June
Tuesday, January 6, 2015
MUMBAI: Lok Capital, the Rockefeller Foundation-backed impact investor, aims to raise $45 million (about Rs 270 crore) by June as part of the initial close of its third India-focused fund. Lok Fund III, announced a couple of months ago, has a final target corpus of $100 million and expects to raise capital commitments from development financial institutions such as International Finance Corporation (IFC), Proparco and CDC Group.
Ahead of fundraising, the Delhibased investor will also ex ..