India-based Gaja Capital Partners, a private equity firm, has launched Gaja Capital Fund I, which will take equity and equity-related investments in high growth companies whose principal business is in India. Gaja Capital Fund I has a target size of US$200 million and will invest between US$5 million to US$15 million across 10 to 15 deals in the services and manufacturing sectors. The International Finance Corp. is committing up to US$15 million in the fund.(Fin Alternatives)   more »

U.S.-based venture capital firm Battery Ventures plans to invest upto $100 million in Indian companies over the next 3-5 years, a top official said on Friday. The company manages eight funds worth $3 billion and has a presence in United States, Israel and now India. It will invest mainly in technology, media and financial companies, General Partner Mark Sherman told Reuters. Battery will aim for an average return of around 40 percent from each investment, which would be anywhere between $2 million and $50 million, he said.   more »