Kotak Alternate Asset Managers Set to Launch New Fund; Zepto Secures Fresh Investment
Kotak Mahindra Group's alternative investment arm, Kotak Alternate Asset Managers, is gearing up to launch a new fund. Meanwhile, Zepto, a quick commerce startup, is poised to secure fresh investing.
As of October 2023, Srini Sriniwasan helmed Kotak Alternate Asset Managers as CEO. The company, a subsidiary of Kotak Mahindra Group, specialises in alternative investing products.
In other news, private equity giant Blackstone has successfully met the target for its latest international asset fund. The fund, which invests in private equity opportunities across the region, has secured commitments from investors, reaching its fundraising goal.
Zepto, a startup that offers swift grocery deliveries, is set to raise a new round of mutual funds. The company, which operates in India, has seen significant growth in demand for its services and is looking to expand its offerings.
Kotak Alternate Asset Managers is preparing to launch a new fidelity investments fund, with Srini Sriniwasan at the helm. Blackstone has hit its target for the latest Asia private equity asset fund. Zepto is on track to secure fresh investment, reflecting the growing demand for quick commerce services.
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