IndiaVenture Advisors Plans $185M Fund

IndiaVenture Advisors, a private equity fund owned by Indian drugmaker Piramal Enterprises, is planning to raise up to 10 billion rupees ($185 million) for a new fund that will invest in healthcare and education, its chairman said. Investors have stepped up ploughing money into the healthcare sector in India, home to more than 1.2 billion people, betting on steadier returns than in other businesses that have been hit by an economic slowdown, Reuters wrote Friday.

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