India-focused venture capital firm Stellaris Venture Partners has held a first close for its maiden fund with US$50 million in capital commitments. Investors in the fund include software services company Infosys, as well as financial institutions, corporate investors, entrepreneurs and family offices in the United States, Europe and Asia. The fund, which is targeting US$100 million in total commitments, will focus on local-language online services, technology-led financial inclusion, supply chain networks, vertical machine-learning applications and global software-as-a-service businesses.