CISCO Capital, the technology financing arm of Cisco Systems, is planning to raise a second India dedicated fund worth $200-250 million. The company, which provides easy financing solutions to companies like LG and Symphony Services, has already infused $110 million out of its first $150 million India fund.
“Though the first fund was to be exhausted in three years, we have already deployed a sizeable amount of our first fund—close to 75 per cent of it. The corpus of the fund is clearly indicative and we have made business cases for a second fund,” said Cisco Capital country manager (India) Gautam Munish.
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This is Cisco’s leasing arm, not the venture investment effort.