India: Auto platform Droom raises Series B led by Beenext, Japan’s Digital Garage

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Droom’s existing investors, Lightbox Ventures and Beenos, also participated in the latest round along with new institutional investors from China and Japan, founder Sandeep Aggarwal said.

Singapore: Jungle Ventures, IIPL, Accel Partners, RNT Associates launch VC firm SeedPlus

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SeedPlus, a joint venture fund between Jungle Ventures, IIPL, Accel and RNT Associates has launched in Singapore


Digest: Althea raises $3.5m, Tencent bets on YG, China-S Korea VC fund

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Cosmetics e-commerce firm Althea has closed a $3.5 million Series A investment, while YG Entertainment has closed an $85 million investment from Tencent and Weiying Technology.


China’s Huishoubao raises $15m series A investment led by Chengwei Capital

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Shanghai-headquartered investment firm Chengwei Capital has led a $15 million series A financing in Shenzhen-based mobile phone recycling startup Huishoubao.


HK: On-demand app Lalamove raises $10m in third round led by MindWorks

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Existing investors China’s Crystal Stream Capital, Taiwan’s AppWorks and Hong Kong’s Aria Group as well as Asia Plus Group Holdings, a new investor from Thailand, participated in this round.


Singapore: Lynx Analytics bags $10m ‘seed’ capital from strategic investor

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Lynx Analytics has secured a $10 million seed investment from a strategic investor


Australia: CapitalPitch raising $10m early-stage fund

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Australian funding platform CapitalPitch is establishing a $10 million early-stage fund for co-investing in startups


SoftBank’s investment in India to surpass $10b in next decade

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In the past couple of years, SoftBank investments include a $627m funding in e-commerce major Snapdeal, leading a $210m funding round in Ola Cabs, 35% stake in InMobi for $200m. Other investments include Housing.com, Oyo Rooms and Grofers.


Fintech VC Life.SREDA launches ‘Banking on Blockchain’ fund, targets corpus of over $100m

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Life.SREDA has launched a 100 million euro London-based ‘Banking on Blockchain’ fund targeting blockchain investments in Europe and Asia


Intel backs off from $1b deal, to keep its VC arm

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Intel Capital, the venture arm of Intel Corp., said it has completed a review of its holdings and decided it won’t make any ‘major changes’ to its portfolio. The firm intends to keep investing from $300 million to $500 million a year, according to a blog posting by President, Wendell… Read more »