Indian private equity (PE) firm Paragon Partners has closed its second fund at Rs 700 crore ($85.37 million) as it looks to ramp up investments in high-growth mid-market companies, multiple sources privy to the development told DealStreetAsia.
It has already clocked three investments from the fund in companies namely omnichannel meat and seafood brand TenderCuts, logistics startup GoBOLT and personal care brand mCaffeine.