Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Facebook Co-Founder Saverin’s B Capital Closes $143 Mn Fund; To Invest In Indian Startup

Facebook Co-Founder Saverin’s B Capital Closes $143 Mn Fund; To Invest In Indian Startup

Singapore-based venture capital firm B Capital Group closed its $143 Mn fund to focus upon Southeast Asian and Indian startups.

According to a regulatory filing with US’ Securities and Exchange Commission, eighteen investors participated in the offering of B Capital Fund, L.P.

B Capital was founded by Eduardo Saverin, Facebook co-founder, and Raj Ganguly, a Silicon Valley investor. The VC firm focuses on helping entrepreneurs launch startups that are ready to scale across the global stage focussing on industries like consumer & ecommerce, financial services, health & wellness, and travel & transportation.

In their post, Eduardo Saverin and Raj Ganguly said, “These are regions that we think that are still facing many gaps today. 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. We are very excited and bullish in the long run because we see the opportunity to bridge that gap and make a positive impact in a community of two billion people in India.”

The founding members explained that the reason to establish B Capital was to invest in entrepreneurs and startups located at traditional hotspots like Silicon Valley, Singapore, Bangalore, and Jakarta, among others in order to provide invaluable lessons and experience that can be shared by each other. B Capital has also partnered with Boston Consulting Group, and its incubation arm BCG Digital Ventures to help entrepreneurs overcome their inflexion points and accelerate their growth curve.

Eduardo Saverin has been an investor in Indian startups. He invested $13 Mn (INR 90 Cr) in Mumbai-based online retailer of baby care and children’s products, Hopscotch, earlier this year.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.