Axilor Ventures to launch $100 mn proprietary second fund with 15-year lifecycle
Named Axilor Technology Fund – II, it has a 15-year tenure, unlike the typical 10-year VC fund lifecycles, which enables the investor to stay with its portfolio companies much longer. The longer tenure is possible as it is a proprietary fund with a majority of the target corpus coming from the family houses of Kris Gopalakrishnan and SD Shibulal, and the remaining amount pooled in by other three founders Tarun Khanna, Srinath Batni, and Ganapathy Venugopal.
Source: businesstoday.in
