IIFL Wealth launches INR 750 Cr fund-of-funds to partner with VCs
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IIFL Wealth, the wealth management arm of financial services company India Infoline, will launch an INR 750 Cr fund-of-funds to partner with tech-focused venture capital funds. Through this partnership, IIFL Wealth will invest in its partner VC firms’ best performing digital companies. The corpus will be raised from the company’s network of ultra-high-net-worth individual (UHNI) clients.