BlueRun Ventures closes sixth fund at $130m, falls short of target

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The fund, BRV VI, will be used for early-stage investments in mobile software and services, fintech, and digital health.

India: SoftBank may pick up over 40% stake in Firstcry for $400m

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The investment from SoftBank is likely to value FirstCry at around $600-700 million.


India: Sequoia, Omidyar back $3.5m funding in news aggregator Dailyhunt

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Dailyhunt has already raised Rs 36.9 crore in an earlier Series E2 funding round from Singapore-based venture capital firm LightVC.


Vynn Capital leads $350k seed round in Malaysian e-procurement platform Dropee

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The startup aims to increase its business coverage across Malaysia with plans to expand to neighbouring countries as well.


Wavemaker Partners raising $100m third fund, IFC may put in $5m

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Wavemaker SEA Fund III is focused on seed-stage investments in B2B deep tech firms.


SoftBank proposes to buy 37.87% stake in Indian logistics startup Delhivery

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SoftBank has proposed to route the investment through a holding company created on behalf of the SoftBank Vision Fund.


India: Apax Funds invests $200m in Fractal Analytics

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The investment also marks the exit for Malaysian sovereign wealth fund Khazanah Nasional Berhad and TA Associates.


India: Sequoia leads $25m funding in insurance startup Turtlemint

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Existing investors Nexus Venture Partners and Blume Ventures also participated in the round.


Pokemon Go creator Niantic raises $245m at $4b valuation

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The Series C was led by IVP and joined by aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung Ventures.


Danone’s VC arm strikes first Asia deal, leads $25m round in India’s Drums Food

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Drums plans to use the funds to expand its distribution and cold chain capabilities, setting up its own facility as well as for inorganic growth.