Rocket Internet’s Asia ventures clock $26.3m losses in 2016, Zalora hit narrows


Globally, Rocket Internet’s losses almost quadruple in 2016 to €741.5m.

India Dealbook: Startups Oxa Medical, AdUrCup and Mobisy Tech raise funds

Medical tourism firm Oxa Medical, retail tech startup AdUrCup and Bengaluru-base tech company Mobisy Technologies have raised funds. Medical tourism startup Oxa Medical raises funds from Idein Ventures Medical tourism startup Oxa Medical has raised an undisclosed amount from UAE-based Idein Ventures. The seed funding will be used by the Hyderabad-based startup to… Read more »

Venture Firm K2 to seek $200m after backing Uber, Spotify

K2 Global, a firm that has invested in startups such as Uber Technologies Inc. and Spotify Ltd., plans to raise $200 million for a second venture capital fund after gathering just under that amount for its first such offering. The investment firm, led by Ozi Amanat, will start seeking more money… Read more »