Wavemaker Partners puts $200k in data platform Einsights, participates in Series A round of VideoAmp

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Wavemaker Partners, which operates offices in the US and Singapore, has added two new ventures to its portfolio with its latest investments. These are screen optimisation platform VideoAmp and Einsights. The latest investments represents a trend towards digital technologies and remain convergent with Wavemaker’s investment theme and thesis of disruptive technologies in… Read more »

India: Nexus Venture invests $6m in US-based crowd-solving startup POPin

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US-based crowd-solving SaaS startup POPin has secured $6 million in Series A funding led by Nexus Venture Partners with participation from Greylock Partners, according to a statement. The funds will be used by POPin to scale up development, sales and marketing team and operations. The investment will also see Naren Gupta,… Read more »


India: VC investments touch record $4.6b led by e-commerce, consumer internet

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Sequoia Capital, Tiger Global Management Llc and other venture capital (VC) firms have invested a record $4.6 billion so far this year in Indian start-ups, led by consumer Internet companies. The investment, spread across 385 transactions, compares with $2.4 billion that VC companies infused into Indian firms across 385 deals… Read more »


India: Chennai Angels invests $250k in online cricket gaming platform Hitwicket

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Hyderabad-based Octathorpe Web-Consultants Pvt. Ltd, the promoter of cricket management game Hitwicket, has raised $250,000 (about Rs 1.63 crore) in funding from angel investor The Chennai Angels (TCA). Octathorpe, founded by alumni of VIT University Kashyap Reddy, started-off a web services company but later launched Hitwicket considering the huge popularity… Read more »


Singapore: Formation 8 partners to split, launch new funds

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Formation 8 will be launching a new fund, according to Brian Koo, the venture capital (VC) firm’s co-founder and managing partner. Founded with Joe Lonsdale and Jim Kim in 2011, the firm has invested in excess of $1 billion across seven startups. Their most notable investment is Oculus VR, which was… Read more »


India: Ace angel investor Mohandas Pai puts money in product customisation platform Gingercrush

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Gujarat-based Gingercrush, a licensed product-customisation platform, has raised an undisclosed amount in funding from former Infosys board member TV Mohandas Pai. With this, Pai also joins Gingercrush’s team as an advisor. He will mentor the founding team and senior management of the start-up to strengthen the organisational leadership and set… Read more »


Baidu comes in as strategic investor, partner in active Indonesian VC Convergence Ventures

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Baidu Digital Indonesia, a subsidiary of popular Chinese online search engine Baidu, has announced its strategic investment and partnership with locally active venture firm Convergence Ventures.  The investment details were not disclosed. Some local startups that were funded by Convergence Ventures include Qraved, Female Daily, Indotrading, YesBoss and Adskom. “We are sure that… Read more »


Singapore’s Golden Gate Ventures sprinkles $4m across six digital ventures in SE Asia

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Singapore-based venture capital firm Golden Gate Ventures (GGV) has invested in six new ventures soon after its recent investments in HipVan, Omise and Laku6. The new additions to Golden Gate’s portfolio originate from across the Southeast Asian region, with a strong focus on Indonesia, the largest regional market. These investments, reflecting… Read more »


Cyber security firm Tenable raising $250m Series B led by Insight Venture, Accel

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Privately held software maker Tenable Network Security Inc said on Tuesday it is raising $250 million in venture capital funding, a record-sized round for a cyber-security firm. Proceeds from the Series B round, which was led by Insight Venture Partners and existing investor Accel, will be used to fund product… Read more »


Indonesian electronics e-tailer Bhinneka raises $22m from local VC Ideosource, plans IPO

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Bhinneka.com, an Indonesia-based online store and market leader in electronics-related products, has secured an investment of Rp300 billion ($22.06 million) from local VC firm Ideosource. The company will use the funds to ramp up its marketing efforts, and become a dominant player in more product categories.The round is Ideosource’s largest startup investment… Read more »