By Mars Woo
Rocket Internet-backed online car classifieds startup Carmudi has recently raised $10 million in funding, led by Tengelmann Ventures.
The fund is structured as an evergreen VC fund with financial backing from the Nan Fung Group and will target early-stage investments from seed to Series B.
Others in this space in India are Trifecta Capital, IntelleGrow & IvyCap.
It seeks to establish its presence in at least 20 countries around the world.
Former parliamentarian Inderjit Singh shares his perspectives on Singapore’s entrepreneurial ecosystem, the government’s role and potential reforms.
3one4 Capital recently closed its second fund at $39m, surpassing its initial target of $23.5m.
InnoVen disbursed over $75m in India in 2017, marking an increasing of 25% over its deployment a year ago.
Dr Kan, the deputy managing partner for markets at Deloitte Southeast Asia, is bullish on the prospects for equity capital markets of ASEAN.
Zoom founder Jeevan Kumar shares with DEALSTREETASIA his company’s expansion and fundraising plans as well as his advice to budding startups looking to secure funding from investors.
2018-19 will see a strong cohort of startups in India as companies learn from past mistakes: GREE VenturesBy Joji Thomas Philip
“We’ll be more tech oriented, we’ll be solving real problems, and we’ll be solving local problems. All of this due to our learnings from past mistakes… I see more companies targeting the mass consumer and, more importantly, with stronger business fundamentals coming up in the next couple of years,” Nikhil Kapur, Principal, GREE Ventures, said.