Singapore-based venture capital firm BEENEXT is learnt to be raising one of its largest Asia-focused funds, as it prepares to write larger cheques for startups in India and Southeast Asia, according to persons aware of the development.
The persons further said the fund could be targeting a corpus of around $280 million and may rope in a Japanese bank as one of the leading limited partners (LPs). They indicated that the fund has already raised a few double-digit million dollars.
