Tanglin eyes $250 mn 3rd fund

Tanglin Venture Partners, a venture capital (VC) firm floated by Tiger Global executives Ravi Venkatesh and Edwina Yeo, is targeting to raise about $250 million for its third investment vehicle, according to the firm's filing with the US Securities and Exchange Commission.

- Malvika Maloo

While the VC firm is headquartered in Singapore, it backs startups in India and Southeast Asia. It has invested in more than 20 startups across its two funds, including Pocket FM, abCoffee, Credgenics, Beco, Moglix, Ninjacart, Open and Pepper Content.

Tanglin is primarily focused on early-stage technology startups, particularly the Series A stage, investing up to $8 million in its portfolio companies. These include both consumer and enterprise sectors.