SINGAPORE (May 22): Venture capital firm Quest Ventures’ first fund has helped back new digital economy start-ups like Carousell, ShopBack, Carro, StyleTheory and even the popular family of meme creator SGAG and its Malaysian and Philippines versions, MGAG and PGAG. Citing publicly available rankings, Quest Ventures says that this fund’s performance has put it in the top decile. The first fund has also returned more than 40% in internal rate of return so far.

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