By Ishita Russell
Last year Smule raised a $54 million funding round led by Chinese technology giant Tencent Holdings.
Sequoia is also bringing on board Tejeshwi Sharma, who was managing India investments for Chinese tech giant Tencent.
The round was joined by Mitsui Fudosan’s corporate venture arm, 31VENTURES, and existing backer Indonesian VC firm Sinar Mas Digital Ventures (SMDV).
Other investors in the round included Vickers Venture Partners, LINE Ventures and Partech Partners. The latest financing brings Fastwork’s total external funding to $5.5 million.
Singapore finance minister Heng Swee Keat called on venture capital firms in the city-state to embrace disruption and take risks.
Till date, TravelTriangle has raised $32 million across four investment rounds.
The new VC fund has a target of $225m with a focus on Asia, Latin America, and emerging markets.
The venture capital firm recently closed its second fund at its $135-million hard cap.
The latest fund brings GGV Capital’s total capital under management to about $6.2-billion across 13 funds.
CROWDE will use the capital to accelerate the development of its platform directed at Indonesia’s agriculture sector.