By Pramugdha Mamgain
Budget accommodation platform RedDoorz has received an undisclosed amount in pre-Series A funding from Silicon Valley-based seed fund and startup accelerator 500 Startups to intensify its expansion plans in the South East Asia region, according to a statement. The new funding raised by RedDoorz complements its previous pre-Series A funding… Read more »
Companies targeted by the fund will have annual run rate between $1 million to $10 million, looking to raise Series A rounds, and plan to serve companies in the US and other international markets.
Headed by noted technology sector veteran Dr Kai Fu Lee, Sinovation Fund will target early stage TMT companies in China, and comes at a time when the country is transitioning from an economy focussed on manufacturing to one led by innovation and technology.
Sequoia Capital is on a blistering dealmaking run in India. In the last 11 months, the Mumbai-based venture capital firm has put $272 million to work across a record 54 deals. That’s nearly as much as the entire portfolio of some of its peers.
The year 2015 saw record levels of funding activity in India, but the scene has drastically changed over the past few months as many startups failed to deliver what they promised.
Ronnie Screwvala’s venture capital firm Unilazer Ventures, Lenskart founder Peyush Bansal and redBus founder Phanindra Sama have invested Rs.9 crore in online gadget accessory store DailyObjects, which plans to enter the offline space with the launch of around 100 exclusive and shop-in-shop outlets by February-end. While three exclusive outlets will… Read more »
The Trendlines Group has entered discussions to launch and manage a $10 million fund, while the Israeli cybersecurity firm TopSpin has secures a $7 million Series A investment.
Investors put in over $128 billion of funding worldwide in 7,872 deals, in sectors that ranged from healthcare to fin tech, and retail to education. That’s 44 per cent higher than 2014’s total of $89.4 billion.
Cocoon is backed by private equity investor China Equity Group, which was an early investor in the country’s biggest search engine Baidu, and Hanxin Capital. The fund will invest in companies which have products and services that can be successful in the Chinese market.
Despite a fall in investment value in the last quarter of 2015, Asia achieved record-setting levels of VC investment in the past year, with $39.7 billion committed in total, and this surpassed the combined investment value of the four previous years – 2011-14.