India: Voonik raises $6m from Sequoia, Singapore’s RB Investments


Start-up Voonik Technologies Pvt. Ltd, owner of the Voonik fashion app, has raised $6 million (Rs40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital, two people aware of the development said. The latest round is a follow-on to its Series B round of $20 million in July, led… Read more »

Ashish Gupta, Helion Ventures
RML AgTech
Photo: Mint
A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan
Singapore Institute of Management Atrium. Credit: Flickr/Sue
We see tremendous opportunities to partner with incubators: Alan Wong, SIM’s Platform E

The Singapore Institute of Management (SIM) is keen to collaborate with overseas institutions to widen the scope of its latest initiative called Platform E, which is aimed at training and helping entrepreneurs, incubate business ideas and accelerate go-to-market activities for entrepreneurial ventures. SIM plans to invest S$50 million ($35.2 million) to support the development of future… Read more »

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee
Blockchain visual. Credit: Wikimedia Commons
Goldman, JPMorgan to invest in blockchain startup Axoni

Goldman Sachs Group Inc, JPMorgan Chase & Co and a group of other financial institutions including inter-dealer broker ICAP Plc’s venture arm are finalizing an investment in blockchain startup Axoni, people familiar with the deal said this week. The investment will be in a range of $15 million to $20 million, one… Read more »

Andrew Tan
2017 going to be an year of down-rounds: TinkBig’s Andrew Tan

Amid hopes of an active 2017 for venture capital firms in the region, Malaysia’s TinkBig Venture has cautioned of a down-round next year with valuations going down by about 40 per cent for startups who cannot change their track in the coming few months.