Cedar Capital, the fintech-focused venture capital arm of Cedar and IBS Intelligence, has raised Rs 240 crore ($30 million) for its FinTech Venture Capital fund. The fund aims to invest in early-stage startups, with a focus on banking technology and B2B fintech startups. Sahil Anand, founder and managing partner of Cedar Capital, stated that the fund will back B2B companies in the banking infrastructure and systems space.