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Billionaire investor Rakesh Jhunjhunwala pumps money into startup

BI India BureauNov 3, 2015, 15:22 IST

After investing in Indian aviation sector, billionaire Rakesh Jhunjhunwala is going to invest in startups.

Reportedly, Jhunjhunwala is going to invest a venture capital fund- Exfinity. The firm looks at technology startups and the billionaire investor is the biggest investor in Exfinity's second fund.

The venture capitalist firm, Exfinity, which is run by technology industry veterans such as V Balakrishnan, Mohandas Pai, Deepak Ghaisas and Suresh Senapaty, is looking to raise Rs 250 crore.

In the first round, Exfinity raised Rs 125 crore .

(Image: Indiatimes)