Edelweiss Alternatives raises over Rs 1,200 crore for second Discovery fund

What's the deal? Edelweiss AlternativesDealroom has a profile for this one. Try Dealroom → has secured over Rs 1,200 crore (roughly $140M) for its second Discovery Fund. The firm has also made the fund's first investment.

Why it matters: Edelweiss led a Rs 230-crore Series A round in Arboreal Bio Innovations, with the capital set to support the company's manufacturing expansion and product development. Deploying its fresh vehicle into an early-stage bet points to continued appetite for growth investing in India's private markets.

Read more: DataStreet

Image credit: Rawpixel Ltd