India Dealbook: YouWeCan invests in SportyBeans, Gaja Capital puts in $10m in SportzVillage

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India’s sports training space has witnessed some deal action with cricketer Yuvraj Singh’s fund YouWeCan investing in SportyBeans, which runs sports programmes for kids. In another development in the same sector, SportzVillage has raised $10 million from Gaja Capital. YouWeCan picks up stake in SportyBeans SportyBeans, a startup running sports programmes… Read more »

Temasek pumps in $600m to propel VC arm Vertex Venture to go global

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Singapore state-fund Temasek Holdings is pumping an additional $600 million into its subsidiary and venture arm – Vertex Venture Holdings Ltd – to enable it to invest in startups across the U.S, Israel and China. Vertex, which has offices in Singapore, Beijing, Shanghai, Taipei, Bangalore, and the Silicon Valley, invests… Read more »


Air Asia chief Tony Fernandes & other investors form Angel-eQ to help tech startups in Indonesia

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A number of Indonesian business leaders have come together to form an angel investor network- Angel-eQ Network –  that will fund early-stage start-up tech companies in Indonesia. The founders of Angel-eQ Network include Malaysia’s Air Asia Bhd chief executive officer Tony Fernandes, president director of television network operator Intermedia Capitaland Erick Thohir, CEO of… Read more »


India: IvyCap Ventures to make first close at $45m for its second fund

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India’s IvyCap Ventures Advisors Pvt Ltd, which is on the road to raise its Rs 600-crore ($91.4 million) second fund, is expected to announce its first close at about Rs 300 crore ($45 million) soon. “We have received up to 50 per cent commitments already and we will be announcing… Read more »


Asian venture capital deals quadruple to $31.6b in two years: Preqin

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Asian venture capital (VC) deal flow has quadrupled in two years, with total deal value in the region amounting to $31.6 billion for 2015 year-to-date (YTD), up from $7.7 billion in 2013. Alternative asset intelligence service Preqin noted that  the aggregate deal value in Asia for both VC and buyout… Read more »


India: Beverage delivery app ThirstKart plans to raise $10m to fund expansion

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Indian beverage delivery app ThirstKart plans to raise $ 10 million (Rs 65 crore) in the next one year, as per a report in PTI. The funds will be used by ThirstKart, operated by Mumbai-based ThirstKart E Services Private Ltd, to expand its services to all metro cities across the… Read more »


India: Video on demand platform Muvizz secures $350,000 angel funding

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Video on demand platform Muvizz has raised $350,000 in angel funding from three Singapore-based investors including Ashish Todi, MD at Frost Global Pte Ltd, Abhinav Patodia, director at Navtech, and Kumar Shwetabh, CEO at Pacific Global Inc. The five-month-old startup, which enables viewers to watch a curated list of titles… Read more »


India: Sebi increases offshore investment limit for VCs to 25%

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The Securities and Exchange Board of India (Sebi) on Thursday enhanced the overseas investment limit for venture capital funds from 10% to 25%. It was proposed in a consultation paper by Sebi in April. “Sebi has received several representations from the industry that there has been, in recent times, an… Read more »


Singapore: Jungle Ventures bags best VC exit award at SVCA’s 23rd anniversary event

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KKR and Jungle Ventures were awarded by the Singapore Venture Capital and Private Equity Association (SVCA) at the sixth SVCA Annual Awards even as it celebrated its 23rd anniversary last night. Formed in 1992 to promote the development of the venture capital (VC) and private equity (PE) industry in the city-state, the professional association… Read more »


India: Eywa Media raises $1m in seed round from ah! Ventures, others

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Eywa Media, a digital signal processing technology start-up, has raised $1 million in seed funding from ah! Ventures, UE-based private equity fund Viktor Koenig and Mantra Ventures to fund its expansion. The deal was supported and syndicated by ah! Ventures and led to closure on its investment platform, CLUBah.com, the… Read more »