By Quynh Nguyen
The financing was led by East Ventures and Genesia Ventures and backed by Denali Mitra.
The venture capital fund, Moonrise China Partners I, was launched in February 2018 with a target of $125 million.
The fund, Valor Siren Ventures Fund, will later seek to raise an additional $300 million.
BeatO will utilise the funds to increase its user base and revenue, which it claims have grown 10X over the last 12 months.
The company will use the funds to scale its technical infrastructure and introduce new products.
The VC had closed its second fund at $50 million in 2017.
Online fantasy gaming platform HalaPlay has raised $5.8 million (Rs 40 crore) in Series A funding round led by Nazara Technologies and Delta Corp.
Sistema Asia fund said it exited the company with multifold returns within three years of its investment.
Sequoia Capital, RPT Global, China’s Morningside Ventures and the personal office of Russian billionaire DST Global were among those who invested in Cred’s seed fund raise last year.
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