Facebook co-founder Eduardo Saverin raises $143 million fund, to focus on India
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As per sources, the amount was raised for venture capital investments from a pool of 18 investors.
The reason behind a special emphasis on India and South Asia is that the region still faces many gaps, the duo stated.
"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 Ganguly in a blog post.
The fund would focus more on Series B and C rounds, given the potential openings that this segment offers. Having invested in Menlo Park-based
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