Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
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AoC is now the third company acquired by Xurpas in 2016, and the 11th one since it listed on the Philippine Stock Exchange in December 2014. This is Wavemaker’s third exit from its Labs fund which includes Luxola (acquired by LVMH) and Gushcloud (acquired by YelloMobile).
AdPushup had raised Series A funding led by Geniee Inc, while NDTV-owned Mojarto has received $445,000 investment. AdPushup raises Series A funding led by Geniee Inc Delhi and US-based startup AdPushup, that offers an ad layout optimization platform, has raised an undisclosed amount as part of its Series A investment led by… Read more »
Indonesia state owned telecommunications operator PT Telekomunikasi Selular (Telkomsel) launch T-Bike mobile app, which enables users to monitor and control several functions of their motorcycles through their smartphone.
SMBC Venture Capital and Sumitomo Mitsui Trust Investment-backed Japan Co-Invest L.P. also joined this round. Smartnews raised a bridge round of $10 million last year with a pre-money valuation of $320 million.
SoftBank-backed Snapdeal had acquired Shopo in 2013.
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 »
Royal Enfield, the two-wheeler division of India’s Eicher Motors, has announced its entry into the Indonesian market, with plans to start retail operations in the Southeast Asian country in the coming months. Expanding to Indonesia – the third largest two-wheeler market in the world – is part of the company growth strategy and its… Read more »
Cellwize has acquired Israeli startup CrowdX in a deal whose financial terms are undisclosed.
US-based consulting firm Bain and Co. plans to open a new office in Bengaluru as part of its plan to drive growth in Asia’s third largest economy. The move is aimed at expanding its presence in south India and catering better to the rising demand for its services from clients… Read more »