Home / Companies / News / Beenext raises $160 mn; to focus on Indian start-ups tapping post-Covid era

Beenext raises $160 mn; to focus on Indian start-ups tapping post-Covid era

The Singapore-based venture capital firm plans to allocate 50% of the fund exclusively for the Indian start-up ecosystem

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The second fund of $50 million will be exclusively for software-as-a-service businesses in Japan to accelerate digital transformation in each industry. Illustration: Ajay Mohanty

Peerzada Abrar Bengaluru

2 min read Last Updated : Jun 16 2020 | 4:44 PM IST

Beenext, the Singapore-based venture capital firm, said that it has closed two new funds by raising a total of $160 million. The first fund, 'Beenext Emerging Asia Fund' of $110 million will be focused on empowering early-stage start-ups and founders in India as well as South East Asia, to accelerate digital technologies led innovation and growth in the new normal across sectors.

Beenext plans to allocate about 50 per cent of the fund exclusively for the Indian start-up ecosystem. It has been doing so consistently over the last three funds. The firm said it believes in India’s ability to lead innovation

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