Mumbai wealth manager makes investment bet on US-based venture capital firm

Pedro Gonçalves
clock • 1 min read

Mumbai-headquartered IIFL Wealth Management has invested an undisclosed sum in the second fund of California-headquartered CerraCap Ventures, which makes early-stage technology bets. Based in the US, CerraCap Ventures focuses on cyber security, artificial intelligence and digital health. Start-ups like Nirveda Cognition, Dathena, Fifth Demension, Bandbaajaa, Deep Instinct, Fortscale, Miqasa, Swych, Viome, AgShift and Bluedot are among the CerraCap Ventures Fund II's portfolio. For IIFL Wealth, which manages about $24bn in high-net-worth assets in India, this investment helps the compa...

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