NEW DELHI: Technology-centric investment firm, March Capital Partners , has made the final close of its maiden fund at $240 million (about Rs 1,597 crore), and expects to deploy a significant portion towards India .
The Santa Monica-headquartered investment firm, which counts two prominent Indian startups among its portfolio – payment gateway solutions provider BillDesk and classifieds auto portal CarTrade .com, has already invested about $100 million across 15 venÂ ..
In January earlier this year, the investment firm co-led $145 million funding round in CarTrade, along with Temasek , the investment firm backed by the Government of Singapore.
Proceeds from that round were used by the Mumbai-based online auto portal to bankroll its acquisition of rival CarWale from German media conglomerate Axel Springer , a deal estimated at $100 million, as well as towards product expansion.
March Capital was also reported to have diluted its staÂ ..