By Ishita Russell
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.
SeedPlus, a joint venture fund between Jungle Ventures, IIPL, Accel and RNT Associates has launched in Singapore
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.
Shanghai-headquartered investment firm Chengwei Capital has led a $15 million series A financing in Shenzhen-based mobile phone recycling startup Huishoubao.
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.
Lynx Analytics has secured a $10 million seed investment from a strategic investor
Australian funding platform CapitalPitch is establishing a $10 million early-stage fund for co-investing in startups
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.
Life.SREDA has launched a 100 million euro London-based ‘Banking on Blockchain’ fund targeting blockchain investments in Europe and Asia
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 »