Search Results for:Pramugdha Mamgain

LEAP India secures $13m Series B funding from multiple investors

Mumbai-based supply chain services provider LEAP India Pvt Ltd has raised $13 million (approximately Rs 88.34 crore) in a Series B round of funding from new investors IndiaNivesh Growth Fund, Sixth Sense and TCI Ventures, as per The Economic Times report. The round also saw participation from existing investors Mayfield… Read more »


Baidu, China Citic Bank get regulator’s approval to set up direct bank

Chinese search engine Baidu Inc has received approval from China Banking Regulatory Commission to establish a direct bank in collaboration with China Citic Bank Corp Ltd in Beijing. “The Bank received the approval in relation to the preparation of CITIC Baixin Bank Corporation Ltd..from China Banking Regulatory Commission, which gave its consent… Read more »


China: CDH Investments leads $360m funding round in Hive Box Technology

Alternative asset management firm CDH Investments has led a $360 million (RMB2.5 billion) series A funding round in Hive Box, which operates a network of self-service package drop-off and pick-up stations across China, as per a China Money Network report. Besides existing investors, other investors who took part in the… Read more »


India Dealbook: Ray IoT gets Johnson & Johnson backing; VOW CarClinic fundraise

Ray IoT, the first Indian startup to enter Shenzhen-based hardware accelerator HAX, has received support from Johnson & Johnson, while VOW CarClinic, a car servicing and repair startup, has raised an undisclosed amount in angel funding. Ray IoT gets Johnson & Johnson backing Ray IoT, the first Indian startup to enter Shenzhen-based… Read more »


China: Bertelsmann Asia leads $14m funding in financial services startup Nongfenqi

Nongfenqi, a rural internet finance services platform, has raised $14 million (over RMB100 million) in a series B funding round led by Bertelsmann Asia Investments (BAI), as per a China Money Network report. The start-up focused on the Chinese agriculture sector also got financing from Zhen Fund, Sinolink Securities, as… Read more »


India: Freshdesk continues acquisition spree, buys data integration startup Pipemonk

Freshdesk, a cloud-based customer support platform, has acquired data integration platform Pipemonk that allows companies to synchronize and move data amongst multiple cloud apps quickly and easily. This is the seventh acquisition by Bengaluru-based Freshdesk in the last 16 months, and is part of an overall strategy to create an… Read more »


India: Lodha Group floats maiden investment fund for realty start-ups

Property developer Lodha Group on Wednesday announced the launch of its maiden investment fund of $7.4 million (Rs 50 crores) for start-ups focused on smart city solutions and overall real estate sector. The startup investment fund will invest in start-ups at all stages of the development cycle, including early stage… Read more »


China Dealbook: Meridian leads $17m round in Aipinji; Frontier Biotech gets $43m funding

Aipinji has raised $17 million in a funding round led by Meridian Capital China and Hangzhou Hongfan Tiansheng Capital. In a separate deal, Frontier Biotechnologies Inc., a drug development bio-pharmaceutical company, has raised $43 million from Huaxin Century Investment Group and others. Meridian Capital leads $17m in Aipinji Aipinji, a Uber-like… Read more »


China: Online gaming company G-bits Network raises $138m in IPO

Chinese online gaming company G-bits Network Technology Co. Ltd. on Wednesday disclosed that it has completed its initial public offer (IPO) on the Shanghai Stock Exchange (SSE) and has raised $138 million (RMB961 million) from stock sale. In a filing with SSE, IDG Capital Partners and Fortune Capital-backed G-bits said that it… Read more »


China Dealbook: Ascletis nabs $100m from C-Bridge, others; GGV, Shunwei invest $58m in Chushou TV

Pharmaceutical start-up Ascletis has raised $100 million in a funding round led by C-Bridge Capital, while GGV Capital and Shunwei Capital have together invested $58 million in Chushou TV, a mobile video live streaming platform specialised in games. C-Bridge leads $100m funding in Ascletis Pharmaceutical start-up Ascletis has raised $100 million… Read more »