CIIE - IIMA backed $150 Mn Bharat Innovation Fund raising capital

Bharat Innovation Fund - The $150 million (about Rs 1,000 crore) early-stage fund, which was announced earlier this year, backed by IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (CIIE) and Infuse Ventures, the country's first clean-tech focused venture capital fund has roped in Mr Ashwin Raguraman, the former chief operating officer of Nasscom-promoted India Innovation Fund, as a venture partner with a primary responsibility to lead its technology investments.

The fund is currently focusing on raising capital and they are engaging with multiple entities. However, the Bharat Innovation Fund will look to invest across sectors, including, agriculture, healthcare, clean technology and technology, among others.