Blue Ashva Capital, an Indian investment firm focused on SMEs, has started deploying capital in Southeast Asia through its Singapore-headquartered fund that has raised $40 million so far, a top executive told DealStreetAsia.
“This fund is more like a sidecar vehicle and we haven’t really set any target for it,” said Satya Bansal, founder at Blue Ashva Capital, adding that “there is a rolling close for it,” wherein the structure is not limited by a predetermined value.