India Accelerator-Backed Finvolve Announces First Close Of Growth Stage Fund At ₹90 Cr

India Accelerator’s dedicated multi-stage venture capital (VC) investment arm Finvolve has announced the first close of its ₹250 Cr growth stage fund at ₹90 Cr. Now, it expects to achieve the final close of this fund within six months, following which it will continue deploying capital. The firm intends to back growth- and late-stage Indian startups operating across four key sectors — defence and aerospace, frontier and strategic technology, energy, and consumer.