India Dealbook: E-commerce startup Salebhai.com, edtech firm Makkajai raise funds

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E-commerce startup Salebhai.com has raised funds from Brand Capital while ed-tech firm Makkajai raise funds from angel investors including former Snapdeal executive Anand Chandrasekaran. Salebhai.com raises $1.5m from Brand Capital E-commerce platform for regional platform Salebhai.com has raised Rs 10 crore ($1.5 million) from Times Group‘s investment arm Brand Capital. “The media conglomerate… Read more »

Start-up emergency funding gets a fancy name in pre-series A

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Entrepreneurs are encouraged to be hustlers. Interestingly, they don’t just create ideas but also terminologies. As investors become more demanding, entrepreneurs and start-ups are increasingly turning to emergency financing which has been given a fancy name of Pre-Series A. A Pre-Series A round, which has been very widely used in… Read more »


India’s Hike Messenger in Unicorn club, raises $175m led by Tencent, Foxconn

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Hike is the latest entrant into the Unicorn league, which is dominated by e-commerce players. Launched in December 2012 by Kavin Bharti Mittal, son of billionaire entrepreneur Sunil Mittal, Hike has raised roughly $90 million from Tiger Global and Bharti SoftBank, a joint venture between Bharti Enterprises and Japan’s SoftBank Corp.


Tsinghua leads $23m Series B round in Chinese smart bike maker Tsinova

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Prior to this financing round, Tsinova completed the Series A round of financing by raising RMB40 million in September 2015.


Indian budget hotel aggregator Oyo raises $62m from SoftBank

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None of Oyo’s other existing investors—Greenoaks Capital, Sequoia Capital and Lightspeed Venture Partners—participated in this round of funding, according to documents


Australia’s Square Peg joins UpGuard’s $17m Series B round

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UpGuard, which runs enterprise cybersecurity company CSTAR, has raised $17 million in Series B funding from Pelion Venture Partners and existing investor Square Peg Capital. Existing investors also participated, along with a strategic investment from Australia’s largest general insurer IAG. Just as credit scores aggregate financial risk factors into one easy-to-understand number,… Read more »


East Ventures makes seed investment in Jakarta-based creative agency Flock

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Flock is focussed on the convergence of above-­the-line (ATL) and below-­the-­line (BTL) creative advertising and marketing services including video content creation and influencer strategies.


Exclusive: Singapore’s Viatick closes round at post-money valuation of $2.23m

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The startup enables proximity-enabled solutions to clients in education, hospitality and brand agencies for managing online to offline (O2O) campaigns. Additionally, it is expanding into the mainland Chinese market through a joint venture based in Suzhou, China.


Funding Roundup: Red Dot Payments secures strategic investment; Tueetor closes $1.48m investment

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Red Dot Payment has secured an investment in a round led by MDI Ventures while Tueetor has closed a US$1.48 million investment from iGroup


China: Shenma Jinrong raises $15m from Shunwei, Northern Light Venture

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Shenma Jinrong, a provider of small consumer loans to farmers, has raised $15 million in a Series B round led by Shunwei Capital and Northern Light Venture Capital. China Growth Capital and FreesFund also participated in the round. Farmers generally use loans from Shenma Jinrong to buy two-wheeler vehicles like bicycles… Read more »