Next Orbit Ventures is raising USD two bn funds to invest in India

Next Orbit Ventures (NOVF) has raised USD two billion funds to invest in India’s semiconductor and electronics industries.

The company has raised the funding under the regulation of the Abu Dhabi Global Market (ADGM) financial centre after receiving funding commitments from the Gulf region.

Around USD 1.5 billion for the fund will be raised from the Gulf region, while the remaining amount of USD 500 million has been secured from a consortium of investors involving both, the Indian government and ultra high net worth individuals.