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Home STOCKS B Capital Team will make final close of Fund-II at $820 million

B Capital Team will make final close of Fund-II at $820 million

NEW DELHI: B Capital Team has produced the closing close of its second fund at $820 million (Rs 6,192 crore), the US and Singapore-primarily based investment business reported late on Tuesday.
The close of fund-II signifies the six-12 months-aged agency will now regulate assets of about $1.4 billion throughout its two investment autos.
B Capital Group — started by Eduardo Saverin, co-founder of social media large Fb, and former Bain Capital senior executive Raj Ganguly – experienced lifted $360 million for its debut fund.
The company normally will come in at Series B and upwards funding rounds, investing concerning $10 million and $60 million in B2B and B2B2C firms throughout sectors, together with ones operating in business technologies, fintech, health care tech, client enablement technology, and transportation and logistics sectors.
“Although technologies is currently embedded in practically every single sector and element of everyday daily life, the last 3 months clearly show us there is still extensive unmet require when it arrives to digitisation. We imagine the up coming 10 decades will see a main shift in innovation as business owners look at industries and procedures from new angles and locate approaches to speed up connectivity in between devices, firms and persons,” Ganguly, taking care of partner at B Capital Group, reported.
The agency has been a noteworthy backer of quite a few primary startups in the Indian startup ecosystem. Past thirty day period, it led a $60 million investment round in Bengaluru-headquartered digital credit ledger Khatabook.
It also counts mobility startup Bounce, transportation corporation BlackBuck, Software program as a Provider (SaaS) main Icertis and Bizongo, among the its portfolio in Asia’s third-most significant financial system.
“Asia is major the planet in digital innovation and is a cellular-initial economic system. As a global tech trader, we have the profit of analyzing styles and business enterprise models across the world…Our portfolio businesses will kind the spine of the electronic financial system of India and SE Asia,” Kabir Narang, normal companion and co-head of Asia at B Capital Group, advised ET.
The investment business, which was launched in 2014, has about 30 organizations in its portfolio, spread across Asia, Europe and the United States, and has workplaces throughout San Francisco, Los Angeles, New York and Singapore.
“When we founded B Capital Team, Raj and I were being committed to making a business that appears for innovation off the beaten path and know-how that has programs past just one location. We preferred to established a new standard for progress-stage investing,” Saverin stated. “This fund validates our one of a kind model and the differentiated value we convey to our portfolio.”


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