Pre-seed investor Antler India on Friday has closed Rs 500 crore of its maiden Rs 600 crore (USD 75 million) India-focussed fund, expecting to make the final close this quarter, according to media reports.

The domestic fund has been in the making for almost one and a half years and is separate from the global Antler franchise.

As per media reports, as part of its maiden fund, Antler India will reserve almost half of the corpus for new investments with the rest focused on follow-ons.

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