March Capital Partners , has made the final close of its maiden fund at $240 million

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 ven ..

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 sta ..

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