IDG Ventures India has reached a final close for IDG Ventures India Fund III with US$200 million in capital commitments. The fund will invest in India-based technology companies across the consumer internet, software, health technology and fintech sectors. Separately, IDG Ventures India and Aavishkaar Venture Management participated in India-based agriculture startup AgroStar’s US$10 million Series B round, which was led by global venture capital firm Accel Partners. IDG previously invested in a US$4 million round for the company in 2015. AgroStar, which sells agricultural inputs and products to farmers through a missed call service and an Android mobile application and has over one million farmers in its user base, plans to use the funds for team expansion, product development and entering new markets.