China’s New Oriental sets up $220m fund to invest in education firms

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The fund will target to invest in about 30 early-growth Chinese educational startups.

500 Startups and VIISA lead seed round in Vietnamese SaaS platform Base.vn

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The startup will use the funds to acquire more talent and develop its platform further as it looks to scale up operations.


China’s truck hailing platform Manbang seeking $1b in new funding: Report

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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 MSMEs

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Wakefit is in advanced talks with three venture capital funds including Sequoia Capital to raise about $6 million.


India: Quadria-backed HealthQuad mulls raising $100m second fund in 2019

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HealthQuad is also looking to close its final deal from the current fund by end of the month.


No better time to start a crypto fund, says Kenrick Drijkoningen of LuneX Ventures

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Unlike most blockchain funds in the market, LuneX is backed by a traditional venture capitalist, instead of a cryptocurrency exchange or blockchain service.


India: GIC-backed ShopClues raises $16m funding, scouts for buyer

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ShopClues has held talks with Flipkart, Paytm Mall, Snapdeal and eBay Global for a potential merger.


Singapore’s Golden Gate Ventures launches $10m crypto fund

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The fund, called LuneX Ventures, will invest in early-stage companies globally such as cryptocurrency exchanges and security providers.


Vietnam: VinaCapital sets up Zone Startups; MB Capital ups stake in Gelex

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VinaCapital has teamed up with Ryerson Futures (RFI) to set up Zone Startups Vietnam to support the entrepreneurial ecosystem.


Sequoia, Accel lead $12.2m round in two-wheeler rental start-up Metro Bikes

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TaxiForSure founder Raghnunandan G., an unnamed global fund and a Bengaluru-based HNI also participated in the latest round.