BEENEXT closes $160 Mn worth funds; to deploy $55 Mn in India
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Singapore-based venture capital firm BEENEXT has announced the close of its two new funds. While it raised $110 million with a mandate to deploy in Asia, half of this corpus will be invested across early-stage startups in India. Separately, the firm also has raised a $50 million Japan-focused fund. Established in 2015, BEENEXT counts companies such as BharatePe, Instamojo, Open Bank, Cube and MPL in its local portfolio.