Tanglin Venture Partners to raise $250-M for new fund

Singapore-based venture capital firm Tanglin Venture Partners , founded by former Tiger Global executive Ravi Venkatesh, is looking to raise USD 250 million for its third fund.In 2021, it had raised USD 45 million as part of Tanglin Venture Fund II. Its limited partners include Flipkart co-founder Binny Bansal, Udaan co-founder Sujeet Kumar and Flipkart Group CEO Kalyan Krishnamurthy.The fund usually has an average cheque size of USD 8 million and primarily invests in early-stage startups.