A pair of former fund managers from KKR & Co. and British International Investment Plc purpose to boost as a lot as $250 million to spend money on technology-focused startups in India, in accordance with individuals conversant in the matter.

The new enterprise capital fund, Fractal Growth Partners, was co-founded by Ajay Candade, who till lately led KKR’s progress tech enterprise in India, and Nikhil Balaraman, who was beforehand head of South Asia tech funding at BII. FGP will look to scale up corporations which have moved previous the seed funding section, one of many individuals stated, asking to not be recognized as the knowledge shouldn’t be public. The agency can even spend money on software program as a service and enterprise to enterprise corporations, the particular person stated.