Tandem Capital Launches $100 mn Fund – Unveils Latest Batch of Startups

  • Posted: Dec 20, 2013 /
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Mobile accelerator Tandem Capital has launched its latest fund christened Tandem Habit fund III. It has also unveiled the first batch of startups it will back.

This is the third fund by Tandem Capital which is also called Tandem III or Habit Fund. Before this the Silicon Valley based accelerator firm had raised two funds including the last round of $32 million last year.

It is a $100 million fund according to a SEC filing which mentions Rohit Bhagat as the General Partner. Rohit who joined Tandem early last year confirmed this to NextBigWhat in a telephonic interaction.

Couple of months ago there were reports of Tandem Capital launching a fund for India.

Former Infosys director T V Mohandas Pai and Manipal Group CEO Ranjan Pai have invested in the fund through Aarin Capital, a VC fund set up by the duo. Previously, the two have invested in four startups and also announced a private equity fund in August 2011.

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Former Infosys director T V Mohandas Pai and Manipal Group CEO Ranjan Pai have invested in the fund through Aarin

Former Infosys director T V Mohandas Pai and Manipal Group CEO Ranjan Pai have invested in the fund through Aarin