New York-based investment bank-cum-angel investor India Ventures Group (IVG) is set to launch a $1-billion debt fund to invest in core infrastructure projects in India, The Economic Times , citing IVG’s managing director Sahil Channana.
The firm, which has presence in Delhi, is also looking to scout a private infrastructure company in the run-up for partnership to raise the fund.
The investment firm will initially make investment from the proposed fund in core-sector ventures across segments—including ports, roads, bridges and tunnels—that are being developed through the public-private partnership mode, according to Channana.
Besides, it plans to make three angel investments in tech startups, involved in health, education and parenting advisory services, over a couple of months.
“We expect to close angel funding in a startup involved in parenting advisory services next month, and follow that up with separate angel funding in two startups; the first is involved in an e-learning venture and the other in delivery of integrated healthcare services online,” Channana said.
“IVG recently made three angel investments in Indian startups involved in soft skills development, audio books and social networking solutions like dating apps,” he said.
It, however, is not looking to invest in startups operating in the fledgling 4G content development space.