TLDR:
Key Points:
- Cedar Capital marks First Close of debut FinTech Venture Capital fund
- BankTech to be a key focus
Sahil Anand-led Cedar Capital, a FinTech-focused Venture Capital fund, has successfully closed its early-stage fund with commitments ranging from Rs 50-75 crores. The fund aims to focus on BankTech and B2B FinTech business models targeting the core technology stacks of Banks, Insurers, NBFCs, and other Financial Services players. With an initial check size of 4-10 crores, Cedar Capital plans to invest in around 15 early-stage BankTech-focused startups in their Seed-Series A rounds. The fund comes with a unique competitive edge by leveraging Cedar-IBSi’s global consulting teams, FinTech Lab, proprietary intelligence, research, and strong industry connections.
