By Kristie Neo
The fund will target to invest in about 30 early-growth Chinese educational startups.
The startup will use the funds to acquire more talent and develop its platform further as it looks to scale up operations.
In April, Manbang scooped up $1.9 billion from SoftBank’s Vision Fund and China Reform Fund, making its valuation touch $6 billion.
India Digest: Bugworks raises $9m; Sequoia eyes Wakefit; Sminq to raise $8-10m; Amazon to support MSMEsBy Pramugdha Mamgain
Wakefit is in advanced talks with three venture capital funds including Sequoia Capital to raise about $6 million.
HealthQuad is also looking to close its final deal from the current fund by end of the month.
Unlike most blockchain funds in the market, LuneX is backed by a traditional venture capitalist, instead of a cryptocurrency exchange or blockchain service.
ShopClues has held talks with Flipkart, Paytm Mall, Snapdeal and eBay Global for a potential merger.
The fund, called LuneX Ventures, will invest in early-stage companies globally such as cryptocurrency exchanges and security providers.
VinaCapital has teamed up with Ryerson Futures (RFI) to set up Zone Startups Vietnam to support the entrepreneurial ecosystem.
TaxiForSure founder Raghnunandan G., an unnamed global fund and a Bengaluru-based HNI also participated in the latest round.