By Tomas S. Noda III
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 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.
Yaochufa seals $85m Series D, roseonly raises$29m Series C
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.
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.
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.
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.
The IEIF is funded by the Michael and Susan Dell Foundation and has committed investments to Unitus Seed Fund and Menterra Social Impact Fund.
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 »
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 »