By Shiwen Yap
The company claimed this was the largest amount raised by a P2P lending platform in Southeast Asia to date, and said the additional financing would be channeled towards strengthening customer experience, streamlining services for borrowers and lenders, and complying with regulatory variations in Singapore, Malaysia and Indonesia.
VC firms are pulling back across the globe, slashing investments in startups out of concern their deals may never pay off. Chua Kee Lock of Vertex Venture thinks it’s the perfect time to move in the opposite direction.
Tata, in partnership with the University of California, is setting up a venture capital fund with a corpus of around $100-150 million and has already started scouting for start-ups to invest in, said three people aware of the development. This is not the first fund that Tata is seeking to set up in a partnership.
Bangalore-based Axilor Ventures on Wednesday said it plans to invest in 12-15 start-ups in the current financial year. Axilor offers three platforms—early stage venture capital funding, scale up and accelerator programme. The early-stage funding programme supports start-ups from launch to scale, backed by funding of Rs.75 lakh to Rs.3 crore for a… Read more »
Gaia Smart Cities fundraises $300,000 from angel investors, laundry startup HelloDhobi raises angel funding, Wired Hub launches accelerator programs for Tier II cities.
Infosys, one of India’s largest software firms, is in talks to invest about $15 million in Stellaris Venture Partners, set up by former employees of Helion Venture Partners. Infosys might invest from its $500-million Innovation Fund, which focuses on early-stage investments, according to a report in the Economic Times. In December,… Read more »
Prior to that in 2012, Xcode Life Sciences had received $250,000 from Shead Holdings and R. Narayanan from Chennai Angels. The company was incubated at the Vellore Institute of Technology.
The securing of this additional capital will be used to grow its user base and revenue as well as increase the cash flow for its operation next year.
Vietnam-based flash sales platform TOPMOT has secured a total of $1 million funding from a consortium of individual investors and launched its services to the public, beating the presumption that there’s no more room to do e-commerce in Vietnam.
Quantopian will be managing $250 million in capital using investment algorithms and has secured an investment from Point72 Ventures.