By Ashna Ambre
The round was led by American investment firm Tiger Global, Yuri Milner—founding partner of DST Global—and IDG Ventures India. Flipkart Ltd’s former head of operations, Sujeet Kumar, also participated in the investment round. Tata group chairman emeritus Ratan Tata had participated in the previous round of funding.
Vietnam-based e-learning platform Kyna.vn has raised an undisclosed round of seed funding from CyberAgent Ventures, a Japanese investment firm.
Philippine tech startup CloudSwyft Global Systems raised $200,000 in seed fund from venture capital Future Now Ventures.
“TabSquare’s platform offers solutions that improves productivity by lowering labour and operational costs while powering-up revenues with data-driven, customised recommendations for diners.” – Pang Heng Soon
Investors infused some $1.15 billion into Indian start-ups in the first three months of this year, down almost a quarter on a sequential basis
The fund is managed by San Francisco-based GREE VR Capital LLC, and has already invested in two VR-related companies – VRChat Inc, and SPACES, Inc.
“Before the end of this year we will announce the first close of this fund with around $225 million of international money and Rs 500 crore ($75 million) raised in India,” said Vineet Rai, CEO of Aavishkaar.
P2P financing in Malaysia will be exclusively for businesses – sole proprietorships, partnerships, incorporated limited liability partnerships, private limited and unlisted public companies to access market-based financing to fund their projects or businesses, via an electronic platform.
With investor confidence eroding, VC deals in Asia declined for the second straight quarter, falling to half of its $14.3 billion high set in Q3’15.
Brisbane-based Uniseed has led a $1 million investment in probiotics drinks ventures PERKii.