This marks yet another transaction in the country’s burgeoning logistics sector.
Q & A
The venture capitalist has recently made its first close of the second fund at over $20 million.
The startup is seeking a valuation of $12 million for the seed round.
The proposed corpus will help Pine Labs facilitate its overseas expansion plans.
Falcon House currently holds a 35 per cent stake in Potato Head.
The startup is in also in talks to raise a fresh round of funding at over $40 million valuation.
Both UOB Venture Managemen and East Ventures are Ruangguru’s existing backers.
The firm was initially planning to raise $30 million for the fund.
Yummy Corp is an affiliate of Indonesia’s F&B and entertainment major Ismaya.
Indonesian B2B meal solutions marketplace Redkendi has raised an undisclosed amount in seed funding from local investment firm Prasetia Dwidharma.
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