LC Nueva initially aimed to close at INR 300 Cr, including the green shoe option but the fund size was increased to INR 350 Cr due to high demand
The fund invests in revenue generating startups that also have strong unit economics and are not capital-intensive
LC Nueva AIF has a portfolio of around 30-35 companies, including EV financing startup Revfin, career tech platform Internshala, and third-party logistics startup Zyngo
Singapore-based global investment institution Lighthouse Canton announced the final closure of LC Nueva AIF, a scheme of Luminere Investment Trust, at INR 350 Cr.
The VC firm said it initially aimed to raise INR 300 Cr, including the green shoe option, for the fund. Later, the fund size was increased to INR 350 Cr following high demand from family offices and institutional investors who wanted to participate in the fund.