Kumar Mahadeva, founder of US based software services company Cognizant Technologies, has raised a $225-million fund to invest in Indian companies.

Kumar has teamed up with Ramanan Raghavendran, who had earlier raised a fund called Connect Capital, to raise this fund under Kubera Partners on the London Stock Exchange (LSE). Mr Raghavendran is an experienced private equity fund manager and has worked with firms like Insight Venture Partners, General Atlantic, TH Lee Putnam Ventures and McKinsey in his past avatars.

LSE Alternative Investment Market (AIM) is increasingly becoming favoured to raise funds for making investments in Indian sectors or companies. About 15 Indian and India-focused companies have raised funds on AIM in the past one year. They have raised over $4 billion from AIM

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