GII announces $300 million close of India fund

Gulf Islamic Investments (GII) has secured in excess of $300 million for its second India Growth Fund.

According to the firm, the successful fundraising has encouraged it to expand its Indian operations in pursuit of further growth.

These plans include the opening of its first Indian office.

The first India Growth Fund fund launched in 2020 and comprised stakes in two Indian healthcare companies.

The second fund launched in 2021 launched in early 2021.

“India’s increasing move towards e-commerce and economic expansion across the whole nation provides beneficial opportunities for GII’s sustainable investment plans, with its commitment to responsible business,” said  Pankaj Gupta, GII co-founder co-CEO.

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