IIFL completed the acquisition of TrueScale Capital.

IIFL Asset Management, a private equity firm, completed the acquisition of TrueScale Capital, a venture capital firm. Financial terms were not disclosed. “I have been very impressed with the scale and potential of IIFL AMC’s venture capital and private equity platform. It is truly differentiated in India’s private market. I am thrilled to partner with Karan, Anup and the team to guide the platform’s next phase of growth. Additionally, this combination represents an exciting outcome for TrueScale Capital as the integrated offering under IIFL AMC is well-equipped to be a leader in India’s Mid-Stage Venture segment," Sameer Nath, TrueScale Capital Founder and Managing Partner.