China’s GGV Capital to raise $1.88b for seven funds

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The latest fundraising target is $600 million more than the $1.2 billion raised by GGV in April 2016.

Openspace Ventures closes second Southeast Asia fund at $135m, LPs include Temasek

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Openspace now has secured $225 million in total committed capital from its limited partners.


India: Voice AI startup Observe.AI raises $8m led by Nexus Venture

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The round also saw participation from MGV, Liquid 2 Ventures, Hack VC and existing investors Emergent Ventures and Y Combinator.


Sequoia China to raise $6b new fund with state-owned VC, JD.com

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The fund will seek PE, late-stage investment opportunities in tech, particularly in strategic sectors such as AI.


China’s online reading platform Koala Reading secures $20m Series B

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The round was co-led by existing investor GGV Capital and XVC Venture Capital.


Kejora, Intervest to close $100m Southeast Asia fund by 2018-end

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Limited partners include government-backed Korea Venture Investment Corp.


Malaysian funds including MAVCAP likely to be reorganised by Ministry of Finance

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A media report claimed that the funds are likely to undergo restructuring due to their sub-par performance and their inability to repay large amounts due to the government.


Taiwan’s instant booking app FunNow secures $5m Series A

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The startup plans to use the proceeds to expand its operations in Hong Kong, Okinawa, Kuala Lumpur, Bangkok, Osaka and Tokyo.


India Digest: Star US injects $75m in Hotstar; HappyEMI nabs $1m; TVS ups Ultraviolette stake

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Hotstar, which competes with Amazon Prime and Netflix, raised the funding at a valuation of Rs 1,849 crore (around $270 million).


India: E-commerce firm Inthree raises $4m in Series A funding led by Ventureast

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The round also saw participation from Orios Venture Partners and IAN Fund.