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CerraCap Ventures secures strategic investment from India’s IIFL Wealth
India’s IIFL Wealth Management Limited has injected an undisclosed sum in the second fund of California-headquartered CerraCap Ventures, which makes early-stage technology bets.
This investment in CerraCap Ventures Fund II, a partnership with Milltrust International, complements IIFL Wealth’s strategy to connect to the world’s promising startups, said a company statement.
“We like the sharp focus of the CerraCap team on emerging technology areas. Our relationship with CerraCap Ventures will give us access to investment opportunities in the best technology businesses on a global front,” said Karan Bhagat, MD & CEO of IIFL Wealth.
CerraCap Ventures focuses on cyber security, AI and digital health leveraging sales and scale business model. Besides providing capital to early-stage companies, it also claims to help startups sell into large enterprises through an ecosystem of decision makers.