Carousell acquires Malaysian mobile classified startup Duriana


Carousell is acquiring Malaysian mobile classified startup Duriana, in a deal that will boost its presence in the Philippines.

Screenshot of the company office in Taiwan, sourced from the company website
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Anuj Mittal & Deepak Sahni, co-founders, Healthians
India: PayU to buy rival Citrus Pay for $130m

This is the fifth-largest deal ever in the Indian start-up business and is expected to give an attractive exit to Citrus Pay investors, Ascent Capital and Beenos and Sequoia Capital, in particular.

Visual of Zilingo app. Credit: Zilingo
Singapore: Zilingo closes $8m Series A

Bangkok-based E-commerce company Zilingo has closed an $8 million Series A investment in a round led by Venturra Capital, Sequoia India and Susquehanna International Group. Other participating investors were Wavemaker Partners, Beenext, Beenos and Digital Garage.

by Sira Anamwong. Image ID: 100352168
Photo by arztsamui. Image ID: 10083228
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Indian venture capital activity to see record highs in 2015: Preqin

India reached a record high in venture capital fund-raising, deals and exits in 2014, but investments this year might surpass that, says a new report. Deal-making activity in 2015 has been on a steeper growth path, powered by internet-led companies that are frontrunners in terms of number of deals and value of funds raised…. Read more »