By Ardi Wirdana
The firm will predominantly make pre-Series A and Series A investments of $500,000 to $1 million.
Orios has launched an initiative called FindingMisfits to help entrepreneurs based in smaller cities and towns expand their ventures.
The development comes almost eight months after Zomato raised $200m in a funding round led by Ant Financial.
VC funding in the third quarter of 2018 doubled to over $2.5 billion compared to the previous quarter, driven by hotel booking start-up Oyo’s $1 billion funding.
The fund attracted investments from endowment funds, family offices, pension funds, sovereign wealth funds, fund-of-funds and foundations.
The business will invest in startups in areas such as artificial intelligence, automation, big data, blockchain, cyber security, digital assets and regulatory technology.
Infinity Ventures’ $120 million fourth fund, which it started raising in June, is on track to close by end-2018.
Alliance Ventures is the corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance.
Founded by Dave Cho and Jaesang Yoo in 2012, Classting has so far raised over $12 million in funding from five rounds.
Elawoman, a data-driven fertility platform, has raised $3 million in a Series A funding round co-led by Chiratae Ventures (formerly IDG Ventures India) and Alkemi Venture Partners.