Former Jio executive’s $250 million startup fund marks first close of $130 million

Venture capital firm Playbook Partners, founded by former Jio president and startup investor Vikas Choudhury, on Tuesday, announced the first close at more than $130 million of its $250 million growth capital fund. Raised from global investors from Europe, the US, Middle East, and India, the fund will back growth-stage, tech-enabled companies in large addressable markets with healthy operating margins and high growth.