Singapore Based B Capital Group Raises $143 Million; Plans To Invest In India And South Asia

Singapore based B Capital Group which is run by Facebook co-founder Eduardo Saverin and Silicon Valley investor Raj Ganguly, have closed a $143 million fund.

The fund will focus on India and south Asia and the venture capital firm will participate in Series B and C rounds across sectors including ecommerce, financial services, health & wellness and travel & transportation.

“Whether it is funding availability, stage, talent, institutions, or exits, the presence of such whitespaces in the ecosystem makes it equally challenging and rewarding for investors,” said Saverin and Raj Ganguly in a blog post.

The company which was founded in 2015, is also present in Silicon Valley.