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The $1.6 billion fund has hired Vishesh Khurana, co-founder of Shiprocket, a logistics technology unicorn that also counts Zomato as its investor. "Expanding our investment footprint in the region entails a stronger local presence, which means more local partners and capital resources," Arjun Sethi, co-founder and chairman at Tribe Capital said in an email.
Juneja, who will work with Khurana, is a venture capital investor and founder of investment firms such as Disruptors Capital and First Unicorn Capital. The development comes at a time when Shiprocket is in advanced talks to raise $70-100 million with a majority of the capital expected to come from Tribe Capital.
According to sources, the current round of funding will have around 70% of secondary component to give exit to early investors.