Indonesia: AMVESINDO pushes for national VC fund, says startups need $1.5b a year

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Indonesian venture capital and startups association (AMVESINDO) will push for the setting up of a national VC fund this year, chairman Jefri Sirait told DEALSTREETASIA. The fund will aim to invest mainly in tech-based early-stage businesses across the country, which are believed to require about Rp20 trillion ($1.5 billion) of… Read more »

India Dealbook: Brand Capital backs Airmed; Dream Incubator funds 99Games; Wishberry fundraise

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Airmed Path Labs has raised about $1.5 million (Rs 10 crore) from Brand Capital, while Japan’s Dream Incubator has made its first investment in India by injecting an undisclosed amount in Udupi-based gaming startup 99Games. Crowdfunding platform Wishberry has secured an undisclosed amount in a Pre-Series A funding round led by iSPIRT… Read more »