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It plans to introduce “door-to-door service” for small item delivery in the next few months.
The venture capital firm had closed its $100-million second fund in 2016 from LPs including Temasek and IFC.
The investor has begun soft marketing the fund to potential and existing investors.
PGIM Real Estate had assets under management in the region of $7.3 billion as of March 31, 2018.
The Series B round was joined by Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures, and Silvertech Ventures.
Tickled Media said it will use the funding for its expansion into the Philippines, Malaysia, and Vietnam, and to develop two additional media properties targeted at Asian women.
It has started sounding out LPs about the fund & will start marketing it actively by year-end.
The transaction marks the first deal by Dymon Asia PE’s second Southeast fund, which was recently closed with $450 million in committed capital.
The latest fund takes GGV’s total assets under management to over $4 billion. The firm currently manages eight US dollar-denominated funds, in addition to the RMB fund.
Grab was said to be valued at $6 billion at the time of its last funding round in 2017.