Singapore-based VC Beenext closes two new funds at $160 million

The first fund Beenext Emerging Asia Fund raised $110 million & will allocate about $55mn to India, will primarily look to invest in ecommerce, fintech, health-tech, agri-tech, edtech, AI & data-driven technology domains.

The second fund, which has raised $50 million, will exclusively focus on investing in SaaS businesses in Japan

Institutional investors in the US, Japanese corporations, global family offices, and entrepreneurs are among the investors for the new fund, Beenext said. These investors will also serve as partners for its portfolio companies.

It has already invested in more than 180 startups globally, including 72 companies in India such as NoBroker, Citrus Pay, Mobile Premier League

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