Cedar-IBSi Capital, a FinTech-focused investment fund targeting B2B financial infrastructure companies, has onboarded multiple institutional investors and 20+ family offices as it advances towards the final close of its debut ₹175 crore fund.
The fund has already raised ~₹100 crore (60% of its target corpus), along with soft commitments of ₹10–15 crore, and expects to mark its Final Close by January 2026.
Key institutional investors include Muthoot Finance, IIFL Capital, and an undisclosed Middle East royal family office, while family office backers span Apar Industries, Varroc Engineering, the Taparia family, and Dr. Reddy’s family office, among others.
“Our sector-specialist expertise and sharp B2B FinTech focus have enabled us to attract Tier-1 LP capital despite a challenging global fundraising environment,” said Sahil Anand, Founder & Managing Partner, Cedar-IBSi Capital.
As one of the region’s only pure-play FinTech funds, Cedar-IBSi Capital is capitalizing on the increasing demand for new-age banking and financial infrastructure technology. While B2C FinTech has dominated headlines in recent years, the fund sees a massive opportunity in B2B FinTech vendors whose geography-agnostic, non-regulatory solutions can scale globally.
Investment Strategy & Portfolio
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Stage: Pre-Series A & Series A
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Cheque size: $500K–$1M, with reserves for follow-ons
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Portfolio Target: 10–15 companies over fund life
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Investments so far:
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Cogniquest (intelligent document processing)
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WonderLend Hubs (cloud-based incentive compensation software)
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A third investment to be announced soon (AI-for-Financial-Services space)
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The fund benefits from a proprietary deal pipeline, sourcing 15–20 companies weekly via the Cedar Consulting and IBS Intelligence ecosystem, including its global FinTech Lab.
About Cedar-IBSi Capital
Founded in 2024 by Sahil Anand, Cedar-IBSi Capital leverages the legacy of Cedar Consulting and IBS Intelligence’s global research expertise. The fund is among the few dedicated FinTech-focused investment funds in the region, aiming to bridge the gap in financing for B2B financial infrastructure startups.
By: Arushi Agarwal
