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Former Banker Dhruv Jhunjhunwala Launches Novastar Partners, Targets Rs 350 Crore Fund to Tap India’s Private Markets

Former investment banker Dhruv Jhunjhunwala has unveiled his new venture, Novastar Partners, an investment firm focused on India’s private markets. The firm is aiming to raise a maiden fund of Rs 350 crore, with an optional green shoe of Rs 150 crore, according to sources familiar with the matter. Jhunjhunwala, who previously worked with RBC Capital Markets in New York, is an alumnus of the…
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