Nippon India invests Rs 50 cr in Endiya Partners

Seed and early-stage venture capital fund Endiya Partners announced receiving Rs 50 cr investment from Nippon India Digital Innovation AIF into it Fund-II.Endiya said the partnership with Nippon would provide its portfolio of companies with financial and strategic support, resulting in increased access to growth opportunities and sustainable scalability.

Nippon India Digital Innovation AIF (NIDIA), a Fund of Funds (FoF), is a collaboration targeted under the India-Japan Digital Partnership with the encouragement and support of the prime ministers of both the countries. It is managed by Nippon Life India AIF Management Limited (NIAIF), a 100% subsidiary of Nippon Life India Asset Management Limited (NAM India). Nippon Life Insurance (NLI) owns 75% of NAM India.