Ex Tiger Global Execs Launches New VC Fund 'Tanglin' with Backing from former Flipkart Execs, others
Ravi Venkatesh and Edwina Yeo -- the two former Tiger Global executives, has launched 'Tanglin Venture Partners', a new set of venture funds backed by local internet entrepreneurs in India including Flipkart�cofounder�Binny Bansal,�Udaan�cofounder Sujeet Kumar, Flipkart Group CEO�Kalyan Krishnamurthy�and Facebook?s
- Ravi Venkatesh and Edwina Yeo Incorporated in Singapore, Tanglin started operations late last year, and is targeting a corpus of $50 million.
- “India and Southeast Asia have similar macro outlook and are fastgrowing economies with a population which is rapidly adopting a digital lifestyle.
- Besides Binny Bansal and some former Flipkart executives, other Indian entrepreneurs who have invested in Tanglin venture funds include Makemytrip’s Deep Kalra, Naukri.com’s Sanjeev Bikchandani, TaxiForSure co-founder Aprameya Radhakishna.
- Named after a residential neighbourhood in Singapore, Tanglin is seeded by Venkatesh and Yeo, both having worked in portfolio management team of Tiger Global, a US-based investment firm that is most fervent backers of the Indian startup boom, which include Flipkart as its early backer.