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IDFC SPICE Fund is a Mumbai-based venture capital fund that invests in fintech and financial services startups across India. Operating under IDFC Asset Management Company, a part of the broader IDFC First Bank ecosystem, the fund strategically focuses on supporting innovations in digital payments, financial inclusion, and lending technology companies. It aims to generate returns by providing equity capital to early-to-growth stage companies and realizing gains through successful exits and portfolio growth. In 2016, the fund notably led a $15 million Series C funding round for digital payments firm TranServ, with co-investors including Micromax Informatics, Nirvana Venture Advisors, and Faering Capital. Its investment strategy also extends to rural fintech, with portfolio companies like Spice Money supporting financial inclusion initiatives in underserved market segments. Founded in 2008, IDFC SPICE Fund continues to back platforms driving financial innovation in India.
IDFC Spice Fund has 1 tracked investment across 1 company. The latest tracked deal is $15.0M Series C in TranServ in April 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 25, 2016 | TranServ | $15.0M Series C | Idfc Spice Fund, Micromax Informatics | Faering Capital, Nirvana Venture Advisors |