Despite a challenging fund-raising environment for emerging managers globally, Cedar-IBSi Capital will mark the final close in January
| Photo Credit:
Rajmohan S _12122@Chennai
Cedar-IBSi Capital, a specialist fintech venture capital fund, aims to raise ₹250 crore through its debut fund. The pure-play B2B FinTech fund of Cedar-IBSi Capital is in the market to raise ₹175 crore with an additional ₹75 crore green-shoe option.
The fund has already raised over ₹100 crore with additional soft commitments worth ₹10-15 crore, and is confident of marking a final close in six months.
The fund has secured commitments from marquee institutional investors, including Muthoot Finance, IIFL Capital and a leading royal family office from West Asia. Over 20 prominent family offices have also participated, including Apar Industries, Varroc Engineering, the Taparia family and Dr Reddy’s family office.
Final close
Sahil Anand, Founder & Managing Partner, Cedar-IBSi Capital, said despite a challenging fund-raising environment for emerging managers globally, the company will mark the final close in January.
The sector-specialist expertise and sharp B2B FinTech focus have helped attract Tier-I LP capital in India and internationally, he said.
Cedar-IBSi Capital aims to build a portfolio of 10-15 companies over the life of the fund, with initial checks expected to be deployed in five years.
So far, it has invested in Cogniquest, an intelligent document processing company and WonderLend Hubs, a cloud-based incentive compensation software provider.
“A lot has happened in B2C FinTech in recent years, but CTOs and technology leaders at financial institutions are now ready for a similar transformation in banking infrastructure software,” Anand added.
The fund has access to a strong proprietary pipeline, with 15-20 companies discovered weekly through its network, owing to the experienced team and strong reputation of Cedar platform and its FinTech Lab.
Published on August 20, 2025