BENGALURU: US-based Ebix , which recently acquired 80% stake in Mumbai-based fintech firm ItzCash for Rs 800 crore, has committed $100 million, or about Rs 644 crore, for investments and acquisitions in India. "Ebix has set up an aggressive growth path ahead of itself, both in terms of revenues and operating income," said Robin Raina, chief executive at the Nasdaq-listed global supplier of on-demand software solutions and ecommerce services mainly to the insurance industry."We are accordingly committing $100 million fund to this growth path and will not shy away from scaling this investment upwards sizably for the right opportunities," he said. The investments would be made through ItzCash. The digital payments company is already in advanced talks with companies in the lending, international remittance and travel sectors, and hopes to close some deals in the next quarter, its chief growth officer Bhavik Vasa said."We are already in mature stages of discussions with companies in these sectors, especially in international remittance and lending," Vasa said. "We expect to close some of these investments in the next 90-120 days." According to him, ItzCash is in final stages of getting approval for carrying out international remittance. "We will look at investment or acquisition in international remittance to add a layer to our already large domestic remittance business," he said.On the lending side, the company would look to give working capital loans to the 75,000 merchants it has partnered with across the country to enable bill payments and money transfer, Vasa said. The announcement of fresh investments comes a day after ItzCash managing director Naveen Surya quit the firm. Raina will take over as chairman of the company’s board, while Vasa and chief business officer Ravi Singh will take full execution charge. Ebix had in May this year bought 80% stake in ItzCash, valuing the firm at about $150 million and giving exits to early investors Matrix Intel Capital and Lightspeed Venture Partners . Essel Group owns the remaining 20% stake in the company.ItzCash had told ET earlier this year that it was set to make several investments and partnerships in the fintech space this year. The company recently invested in Bengaluru-based fintech startup Finly, which works on expense management for corporates.