MUMBAI: (Apr 15) Auraska Ventures on Wednesday announced that it is aiming to raise a Rs 500-crore alternative investment fund (AIF) focused on the ‘cultural economy’, comprising sports, media, entertainment, gaming and fashion.
It is already in touch with high-net-worth individuals for raising the corpus, and getting Sebi approvals for the Category II AIF will take up to four months from now, founder and chief executive Vishal Mahajan said, adding that deployments will start immediately after the regulatory nod.