ICICI Venture raises $47M for second real estate fund

07 June, 2012

ICICI Venture, which had launched its second real estate fund (India Advantage Fund Real Estate Series 2) two years ago with a target of Rs 2,000 crore, has finally managed to raise Rs 260 crore (approx. $47 million) for the same, according to sources close to the development.


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1 Comment
rajesh1296@gmail.com . 5 years ago

This is a positive news for the market, as in the current economic scenario where investors are skeptical of taking exposure, most of the funds are either struggling to raise or otherwise over cautious to invest. This also means that its just a question of pressing the right cord to raise money.

Congratulations to Sanjeev and his team.

ICICI Venture raises $47M for second real estate fund

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