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Backing the best founders building AI-first enterprise technology for Financial Services
Managed by Cedar-IBSI
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Cedar-IBSi Capital (SEBI AIF IN/AIF2/22-23/1185, Cat II) is a FinTech-focused venture capital fund managed by Cedar-IBSI Ventures Pvt. Ltd, built on the combined legacy of Cedar Management Consulting (founded by Prof. Robert Kaplan, HBS co-creator of the Balanced Scorecard, 30+ years) and IBS Intelligence (global FinTech research and market intelligence firm). The fund backs founders building next-generation AI-first enterprise software and technology for the Financial Services industry — B2B FinTech and TechFin infrastructure — with a particular focus on India, GCC, and Europe. The fund operates as an independent VC backed by a FinTech Lab ecosystem (Cedar-IBSi FinTech Lab) which has nurtured 60+ B2B FinTechs since 2017. LPs include KSH Investments (Private Department of Sheikh Mohamed bin Khalid Al Nahyan, Abu Dhabi). The fund rebranded as 'Cedar Hill Capital' effective late 2025, with the new website at cedarhill.vc. Portfolio companies include Cogniquest (intelligent document processing) and WonderLend Hubs (incentive compensation software). Registered at 201, Peninsula Business Park, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai – 400013.
Sahil Anand
Founder & Managing Partner
Sahil Anand is the Founder and Managing Partner of Cedar-IBSi Capital (now Cedar Hill Capital) and the SEBI contact person for the fund. He has approximately 15 years of experience across private equity, venture capital, and FinTech consulting. He began his career at Everstone Capital and DSG Consumer Partners on their investment teams, co-led the iconic USD 100 million Burger King India deal at Everstone, and spent nearly a decade at Cedar Consulting and IBS Intelligence working with regional banks and FinTechs on technology strategy. In 2017 he co-created the Cedar-IBSi FinTech Lab. He holds an MBA from London Business School and a BS in Finance from NYU Stern. He is a board member of EO (Entrepreneurs Organization) Mumbai.
Subit Mitra
Investment Team
Subit Mitra has over 13 years of experience across the full investment cycle, from deal sourcing through portfolio management and exits, with expertise in equity and debt raises, financial structuring, and business planning. Before joining Cedar-IBSi Capital, he was with Aavishkaar Capital (impact VC, financial services and FinTech focus), where he managed deal evaluation, portfolio, and exit management and held board representation roles. He holds a PGDM from IIM Calcutta and a B.Tech from IIT Guwahati, and has attended the Strategic Leadership in Inclusive Finance programme at Harvard Business School.
Raveena
Fund Administration, Compliance & Investor Relations
Raveena handles fund administration, compliance, investor relations, and deal sourcing/execution at Cedar-IBSi Capital. Previously at Venture Catalysts, she managed end-to-end deal management and fundraising for early-stage startups and expanded the organisation's investor network across India and UAE. She holds a B.Sc. in Finance from NMIMS and a Post Graduate Diploma in Foreign Trade from World Trade Centre Institute, Mumbai, and is pursuing CFA and ACCA qualifications.
Angleen
Labs Director (Cedar-IBSi FinTech Lab & Fund)
Angleen brings 30+ years of experience across wealth management and strategic advisory, including roles at RAK BANK (UAE) and Seven Capital. She facilitated RAK BANK's largest deal and managed a structured products portfolio with average ticket size of USD 2–5 million across ICICI and Tata Group corporates, and led the bank's expansion into the UK, Africa, and India. She bridges the FinTech Lab and the AIF fund, identifying lab member capital-raise opportunities.
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Pradip Shah
Investment Committee Advisor
Pradip Shah is a prominent figure in Indian financial services, known for establishing HDFC (Housing Development Finance Corporation) and CRISIL (Credit Rating Information Services of India Limited). He has been actively involved in shaping Indian financial sector policy, reforms, and regulatory frameworks, and serves as an investment committee advisor to Cedar-IBSi Capital.
Felipe
Investment Committee Member
Felipe plays an active role on Cedar-IBSi Capital's investment committee, contributing extensive global experience in assessing and working with emerging and established technology companies.
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