ADGM-regulated fund to invest $2b in India

Fund aims to build required infrastructure to cater to India’s market

Last updated:
1 MIN READ

Dubai

Next Orbit Ventures, a newly-launched fund established under the Abu Dhabi Global Markets jurisdiction, announced the launch of a $2 billion fund for building semiconductors an electronics ecosystem in India.

While $1.5 billion will be raised from this region as feeder fund by Next Orbit Ventures, the remaining $500 million has already been secured from a consortium of investors including both the Indian government and ultra-high net worth individuals.

The fund aims to build the required infrastructure to cater to India’s growing market for electronic goods and components.

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next