Focused on late stage startups, a majority of this new fund will be used to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies
The Co-Founder and Managing Partner of B Capital will be betting big on cross-border SaaS, financial inclusion, and the India consumer story with its $2.1-billion growth fund.
The fund will be used to invest in start-ups between Series B to Pre-IPO rounds, co-founder and managing partner Raj Ganguly said.
The pace of evolution of India’s startups was lagging that of China in areas such as ease of asset exits and liquidity, the Facebook co-founder said
We aren't seeing valuations go up in the early stage, valuations are probably holding up to what they were in the last one year. Instead round sizes have come down a little bit, said Karan Mohla
The latest fund will be focused on finding start-ups across digital healthcare, enterprise software, fintech and logistics, among other growing industries
The investment includes USD 31 million announced earlier. Founded in 2011, Mswipe operates as a card payments via mobile point of sale transaction machines.
Zuckerberg is joined on the list by fellow Facebook co-founders Dustin Moskovitz, who claimed the second place on the list with an estimated net worth of USD 9.3 billion and Eduardo Saverin who was ranked fourth with an estimated net of USD 5.3 billion. The top-20 list features only six women.