India currently comprises 25 per cent of MPower's total loan book.
Indonesia Digest: Cita Mineral shareholder to sell stake; Bank Mitraniaga delisting
India Dealbook: MPower snags $100m debt from Goldman; Y Combinator backs Lokal
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Singapore’s Blue Planet acquires Malaysian waste management firm Globecycle
Deal activity in India’s roads sector gathers steam as foreign investors buy up assets
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
Shopkirana will use the funding proceeds to expand its presence across major tier-II cities in India.
Singapore-based property search portal 99.co has raised $15 million in a Series B funding round.
Concurrently, the firm has reached the first close of its second annex fund, DSGCP Buildout II, at $35 million.
The startup last raised a Series A in 2015 from Axiata Digital Innovation Fund.
Talview has raised $6.75 million in a Series A funding round from Storm Ventures, Inventus Capital, others.
STAR Market, which allows pre-profit firms to list in China, gives VCs a new way to exit investments in loss-making startups.
This is the second lead investment of LuneX Ventures since its appointment to SGInnovate’s panel of co-investors for deep tech startups.
Shunwei, Lightspeed, SAIF, India Quotient and Morningside Venture Capital also joined the round.
Goola is also implementing the new retail approach with a mobile application which is in the pipeline.
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