Exclusive: Philippine edtech Ritmo closes second seed round led by Future Now Ventures

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Ritmo is the creator of Joomajam, a social enterprise focused on Early Child Development. The Joomajam app serves as a teaching tool that provides culturally-relevant and bilingual content for pre-school to Grade 3 kids.

Baidu’s online video biz gets $155m funding from Shanghai New Culture Media Group

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Baidu video, Qiyi.com and Baidu’s group-buying service Nuomi will become the Chinese Internet company’s main pillars in its culture, entertainment and content business, Baidu told Chinese media.


China Dealbook: Yaochufa seals $85m Series D, roseonly raises $29m Series C

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Yaochufa seals $85m Series D, roseonly raises$29m Series C


Investors lean towards B2B startups for better return than B2C businesses

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This shift reflects a combination of market volatility, high valuations and growing fears of another tech bubble which have led venture capitalists to reassess risk and back more B2B startups over those aimed at consumers.


China’s Yummy Express seals $10m Series C led by ClearVue Partners

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The financing, which is co-invested by venture capital firm SB China Venture Capital, will help the company hold its position as the leading player in hot meals delivery.


Pharmacy startup 1mg raises $15m Series B from Maverick, Sequoia India

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1mg had earlier raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip, in April last year.


India’s Religare divests stake in PE firm Northgate Capital

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Financial services firm Religare Enterprises had acquired a majority stake in Northgate in 2010. Through this deal, Religare will completely exit its around six-year-old investment in the PE firm.


India: Test prep platform OliveBoard raises funding from education-focussed IEIF

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The IEIF is funded by the Michael and Susan Dell Foundation and has committed investments to Unitus Seed Fund and Menterra Social Impact Fund.


India: Pawan Munjal leads an undisclosed amount of funding in Rapido

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Roppen Transportation Services Pvt. Ltd, which owns and operates bike taxi start-up Rapido, on Tuesday said it has raised an undisclosed amount in a pre-series A round led by Pawan Munjal, chairman, managing director and chief executive officer of Hero MotoCorp Ltd, and early stage investment firms AdvantEdge Partners and… Read more »


Startup Dealbook: ECF platform pitchIN to list first issuer, Bemalas launches travel services

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Another business will list on a Malaysian equity crowdfunding platform soon, as momentum start to build within the new fundraising avenue. Separately, twice-funded startup Bemalas has expanded its offering beyond errands, into travel planning. pitchIN’s first issuer KRU Academy to list next week Malaysian equity crowdfunding (ECF) platform operator pitchIN… Read more »