leading investment company iron pillarwho is behind tech startup In IndiaIt is reportedly raising nearly $400 million to help boost the country’s startup ecosystem, media reported on Monday.

Iron Pillar provides growth capital to help Indian startups expand their global footprint.

According to Deal Street Asia, citing sources, the VC firm is in advanced talks with limited partners (LPs) to raise around $400 million in its second fund.

The VC firm has startups like FreshToHome, Uniphore, among others. curefood and others in its portfolio.

According to a recent report by Iron Pillar, India is likely to have more than 250 unicorns by 2025.

Iron Pillar closed its first, $90 million fund in 2018 and later raised $45 million for a top-up fund.

Last year it raised $10 million from the Allana Group for its second fund.

last month, a type of tree India and Southeast Asia
Raised $2.85 billion in a set of fundsThat includes a $2 billion initial phase, a venture and development fund for India, and an $850 million Southeast Asian fund to help founders build companies from Idea to IPO and beyond.

India has emerged as the third largest startup ecosystem in the world after the US and China. There are currently more than 100 unicorns in the country.

In 2021, Indian startups raised $42 billion in 1,583 deals, resulting in 42 unicorns.

According to the report, Lightspeed India Partners is also planning to raise over $500 million for its latest fund. Matrix Partners India is
Target to raise $450 million,

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