Source: Entrackr
Mumbai, August 19, 2025 – Cedar-IBSi Capital, an investment firm focused on FinTech, has received tremendous support from the leading institutional investors and from more than 20 family offices as it moves towards the final close of its first fund.
The fund has already raised ₹100 crore in firm commitments and another ₹10 to 15 crore in soft commitments. It plans on completing the final close very shortly.
Pinnacle of finance
Cedar-IBSi Capital’s institutional investors include Muthoot Finance, IIFL Capital, and an undisclosed royal family from the Middle East, which will be announced shortly. On the family office side of the firm, the investors include Apar Industries, Varroc Engineering, the Taparia family, and the family office owned by the Dr. Reddy’s family, among others.
The fund is interesting because of its specialist expertise within FinTech, opportunity for co-investments, and ability to access the purposeful Cedar platform and its deep industry expertise and networks.
Investment orientation
The fund aims to invest primarily at the Pre-Series A and Series A rounds, usually as the first institutional investor. The fund typically invests $500k to $1 million in the first round and reserves funds for follow-on rounds.
Cedar-IBSi Capital aims to build a portfolio of 10-15 companies. To this end, the fund has invested in:
- Cogniquest, which specializes in intelligent document processing.
- WonderLend Hubs a cloud-based incentive compensation platform.
- A third investment is expected soon, with the fund also reviewing opportunities in AI in financial services.
About Cedar-IBSi Capital
The fund officially launched in 2024, under the leadership of founder Sahil Anand. Cedar-IBSi Capital is built on the legacy of Cedar Consulting and IBS Intelligence, well-recognized names in consulting and research for the global financial services industry.
Cedar-IBSi Capital invests in B2B FinTech companies that are building software infrastructure for banks and financial institutions. In addition to capital investment, Cedar-IBSi Capital brings support to founders with domain knowledge, research intelligence, and relationships in the industry.
Planning for the future
As Cedar-IBSi Capital enjoys robust backing from institutions and family offices, it is likely to be a significant contributor to the next generation of B2B FinTech start-ups in India and globally. Its sector-focused outlook is beneficial for identifying opportunities and helping companies scale in a competitive space.
