Flipkart's Binny Bansal, Kalyan back fund Tanglin: Report

Flipkart Co-founder Binny Bansal, CEO Kalyan Krishnamurthy, Udaan Co-founder Sujeet Kumar, Facebook's Asia Pacific head Dan Neary and others have reportedly invested in fund Tanglin Venture Partners. Ravi Venkatesh and Edwina Yeo, who were executives at Tiger Global, started their own fund Tanglin Venture Partners. The new fund targets a corpus of $50 million to be distributed among 10-12 startups.