Info Edge Venture Fund has raised ₹375 crore from MacRitchie Investments, a subsidiary of Temasek Holdings, according to a stock exchange filing. The venture fund was set up in January this year as an alternative investment fund (AIF), with a corpus of ₹750 crore, for investments in early stage technology companies in India. Under the Securities and Exchange Board of India's regulations, a category-II AIF can raise money from high net-worth individuals and foreign investors to invest in unlisted companies. Usually, venture capital funds are registered as category-I AIFs which can invest in startups or early stage ventures. A category-II registration, allows the Info Edge Venture Fund to operate as a private equity or debt financier. The fund raise by Info Edge Venture Fund follows recent criticism by Sanjeev Bikhchandani, the company's founder and vice chairman, on the Indian startup…
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