500 Startups launches $50 mn fund for Southeast Asia
Early-stage venture fund 500 Startups' organisation 500 Durians has launched a new $50 million fund for emerging startups in Southeast Asia. Launched initially with $20 million, 500 Durians has earlier invested in Uber rival Grab and social commerce app Carousell among others. It has backed over 1,500 startups worldwide with funds in countries like Mexico and India.