 "money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding")
DMI Alternatives Pvt Ltd, the investment manager of DMI AIF and an associate company of DMI Finance Pvt Ltd announced the closure of a $40 million raise for The Sparkle Fund, which is part of its DMI Alternative Investment Fund.
The Sparkle Fund was set up in 2017 to explore investment opportunities in India’s rapidly growing digital finance ecosystem. Sparkle has invested $10 million across various companies including M2P, Credgenics, Servify, Uni and Mobikwik.
“The Indian digital ecosystem is in the middle of near-exponential growth and financial services is a key engine of that growth,” said DMI Alternatives spokesperson.
Within the Fintech ecosystem,
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