By Pramugdha Mamgain
The funds will be used by the Chennai-based startup to scale up operations in southern and western India, and bolster its technology platform.
Last year, SoftBank had also led Katerra’s $850 million Series D round of financing.
The seven co-investors are AgFunder, Hatch, ID Capital, Openspace Ventures, The Yield Lab, Trendlines and Visvires New Protein.
The new fund will focus on automotive, mobility, AI, smart cities, Industry 4.0, enterprise software and fintech.
Bengaluru-based bike rental startup Vogo has raised $8.95 million as part of an ongoing Series B funding round.
As part of the same round, Ola recently received $74 million from existing backer Steadview Capital.
The demographics and talent pool of Indonesia and Vietnam are the key reasons for Access Ventures to select these markets to focus on in Southeast Asia, said Rim.
After the heady funding frenzy of 2015-16, investors also became more cautious on early-stage bets, which did not yield the expected returns.
The startup, which had last raised an undisclosed amount from Omidyar and Accel in 2016, is said to be valued at $110 million after the latest financing.
Faasos is looking to raise a total of $100 million to enter overseas markets and to expand its product offerings within the country.