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New mid-market PE fund in talks with Coverfox for maiden deal

By Bruhadeeswaran R

  • 12 Sep 2018
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New mid-market PE fund in talks with Coverfox for maiden deal
Credit: Shah Junaid/VCCircle

A newly-floated domestic fund may ink its first deal by investing in online insurance aggregator Coverfox, two people close to the development told VCCircle. Coverfox is in talks to raise $8-10 million (Rs 58-73 crore at current exchange rates) from Avaana Capital, the above-mentioned persons said on the condition of anonymity. VCCircle ......

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