HT Media is among the investors in the third fund raised by US-based accelerator Tandem Capital, which is now looking to invest more heavily in India.

US-based accelerator and venture capital investor Tandem Capital has raised a $100m fund featuring India-based backers including media company HT Media, VCCircle reported on Tuesday.

The Tandem III fund, which closed in January 2015, also secured capital from VC firm Aarin Capital, Laksh Vaaman Sehgal, who is responsible for new business development at auto parts group Motherson Sumi, and Russell Mehta, managing director of diamond producer Rosy Blue.

Tandem III has also been backed by additional, undisclosed investors from across…