Conglomerates CG Corp Global and NE Group are among the four general partners for a $100m fund raised by venture firm Prestellar Ventures.
Singapore-based venture capital firm Prestellar Ventures has raised $100m for a fund that counts Nepal-headquartered conglomerates CG Corp Global and NE Group as general partners, Business World has reported.
The fund’s other GPs are India-based microfinance provider Satin Creditcare and Mauritius-registered private equity firm Frontline Strategy.
Prestellar will invest in startups operating in the hospitality, consumer, financial services and rural product and services sectors, and is targeting deals in India, Sri Lanka, Bangladesh and Nepal in South Asia, as well…
