India: Enterprise software startups catch investor fancy as consumer internet wanes

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Apart from established venture capital firms such as Accel Partners, Sequoia Capital and others that are increasing their investments in enterprise start-ups, some new funds such as Ideaspring Capital and Utilis Capital are launching with a sharp focus on enterprise deals.

IDG Ventures India to step up investments in consumer tech startups

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IDG will invest $500,000 to $1 million in early-stage deals as well as $3-$5 million in Series A deals. IDG will invest in 15 to 25 start-ups by the end of December. The company is looking at mobile-first shopping apps, digital media start-ups, software providers for Internet companies and others.


India: EduPristine raises $10m from Kaizen, US education firm DeVry

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Accel Partners, which invested $1.5 million in the company, exited with this round of funding. The company had raised an undisclosed amount in angel funding from Mark Mobius and Rajesh Sehgal.


Silicon Valley VCs raise money at fastest rate in a decade, but conserve cash to ride downturn

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Venture capitalists are raising money at the fastest rate in a decade, raking in about $13 billion in the first quarter of 2016. But much of that cash won’t flow into new startups anytime soon. Rather, venture firms are bracing for a downturn and boosting reserves to keep companies they have already backed from going bust.


Alibaba Pictures’ online ticketing platform raises $260m at $2.1b valuation

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Alibaba Pictures Group Ltd said that its O2O platform was now worth $2.1 billion based on the new financing raised from a group of investors led by CDH Investments, Ant Financial Services Group and Sina.com.


SoftBank exploring stake sale in Finnish game developer Supercell

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Supercell, which makes games for mobile phones including Clash of Clans and Boom Beach, has held talks with potential strategic buyers based in China. A sale could value the whole of Supercell at more than $5 billion.


Malaysian POS startup StoreHub raises $850k led by undisclosed China VC

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StoreHub been cash-flow positive as early as September 2015. The fresh funds is primarily for doing more of what the company is already doing, and scaling its product team and expansion into Southeast Asia more aggressively.


India: Stayzilla raises $13m Series C from existing investors Matrix, Nexus

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The funding round was split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and $2.4 million (Rs.16.3 crore), between November 2015 and March 2016.


Australia and US-based BigCommerce raises $30m Series E led by GGV Capital

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The Big Commerce’s existing investors including Stephen Schambach, founder and former chairman of Demandware, also participated. Furthermore, GGV Capital’s managing director Jeff Richards will join the board of directors.


SEA VCs see falling valuations as investors grow cautious amid external economic headwinds

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“For VCs, that’s a good thing for us. It means valuations are more realistic than last year or earlier,” Shafie said.