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Lodha Ventures, the investment arm of the Mumbai-based property developer Mangal Prabhat Lodha family, is planning to launch a venture capital fund and a housing finance company soon, according to a source in the know.
Lodha Ventures is headed by Abhinandan Lodha, the younger son of Mangal Prabhat Lodha, who is also a member of legislative assembly in Maharashtra.
According to sources, Lodha Ventures is planning to launch a fund of $100 million, orRs 640 crore, to invest in early-stage consumption-led companies. “It will do three to four large deals. The plan is to give management support and take it to the
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