The New York-based venture capital and hedge fund Company Falcon Edge has raised USD 45.7 million for its first Indian funding venture called Falcon Edge India | LP.

The company offers a variety of investment products that cover several asset classes, themes, and geographies. These include public equity, venture capital, distressed, private equity and activist strategies as well as a financial centre joint venture with a leading sovereign entity. The new segment that focuses on India will concentrate on private equity investments.

It claims to have nine investors on-board so far and has not disclosed the name of the investors.

Several media reports conclude that Falcon Edge was eyeing to raise USD 150Mn to invest in companies that are inclined towards financial services. The company has however not restricted Its investment in financial services.

Though this idea is all about Falcon Edge’s first India-focussed fund, the company has been active in the Indian startup ecosystem for a long time. The first Indian investment by this VC firm was made in the year 2014. And this investment was in a real estate listing platform Housing.com. With several investors, Falcon also participated in this round funding round which brought USD 90Mn to Housing.com.

The investment portfolio of the company primarily includes Ola & Bounce. IT is also an investor of Bengaluru-based news and ebooks mobile app Dailyhunt. It has invested in other companies like Stanza Living, logistics optimization startup Locus, social commerce firm DealShare and vPhrase Analytics. In the fin-tech sector, it has made an investment in digital lender OfBusiness and non-banking financial company JM Financial Credit Solutions.