Gray Ghost Ventures raising $60 mn for third fund — Report

Impact investor Gray Ghost Ventures is raising its third fund with a corpus of Rs 361 crore ($60 million) reports The Economic Times. The Atlanta based firm expects to complete fundraising by June. The new fund will invest in ‘mobile first’ financial services companies and up to 70 per cent of the fund is expected to be invested in South Asia including India, said the report, citing the firm’s president and CEO Arun Gore.

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