Iron Pillar raises $129 mn to invest in cloud and SaaS startups

Venture capital firm Iron Pillar on Wednesday announced that it has closed its $129-million venture growth fund as part of the Iron Pillar Fund II. The dedicated growth fund will back global cloud and software-as-a-service (SaaS) companies from India in the Series B to Series C stages. Iron Pillar has invested in several Indian startups, including Servify, BlueStone and FreshToHome.