World Bank’s IFC looks to invest $25 mn in Stellaris’ $160 mn fund.

VC firm Stellaris Ventures Partners plans to raise $25 mn from the World Bank Group’s investment arm International Financial Corporation (IFC). It is also targeting a $160 mn fund to invest in early-stage startups.

Stellaris Ventures has an investment focus in SaaS startups, enterprise tech apps targeting Indian small and medium business (SMBs) as well as B2C products in healthtech, edtech, fintech and retail tech.

With the capital raised in the form of equity, the fund will look to support 20-25 companies across healthcare, education, financial services, logistics, consumer internet and enterprise technology sectors in India.

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