IndusAge Partners has raised $50.3 million to date for its IndusAge Global Technology Ventures Fund II, per a SEC filing. The Chennai-headquartered firm has set a $150 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised INR1.5 billion in 2015.
The fund will target venture capital opportunities in technology, media, and telecommunications sectors in India.