Dharana Capital raises $ 250 mn

New Delhi: Venture growth investment firm Dharana Capital on Monday said it has raised $ 250 million (about Rs 2,254 crore) for its second India fund to invest in next-generation technology and consumer businesses over the next three years. With this latest fundraise, which comes three years after its inaugural fund, the firm's total Assets Under Management (AUM) have reached $ 450 million, the company said in a statement. The capital for Fund II was primarily raised from US-based university endowments, healthcare systems, and other non-profit organisations.