Exits are tricky for investors in Vietnamese startups

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Vietnamese startups present an exciting bet, but for venture capitalists, it is a interesting yet tricky bet, and most founders do not have an exit plans. Fewer liquidation opportunities may come as a dampener.

China’s JD.com finance arm raises $1b from Sequoia, others

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China’s largest online direct sales firm, JD.com, said on Saturday it will raise 6.65 billion yuan ($1 billion) for its JD Finance subsidiary from investors including Sequoia Capital China, China Harvest Investments and China Taiping Insurance. The financing values JD Finance at 46.65 billion yuan on a fully-diluted, post-investment basis…. Read more »


Malaysia: Brunei Royal Family makes first tech startup investment in BookDoc

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The size of the raised funds is in the US dollar seven-digit range, which Brunei Royal Family led with participation from investors in the the insurance, ICT, healthcare sectors, as well as regulators.


Indonesia: Online gaming marketplace itemku raises $225K from 500 Startups

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Five Jack, the makers of  online gaming marketplace itemku, has raised $225,000 in funding from leading seed stage venture capital firm, 500 Startups. 500 Startups’ two Asia-focused funds, 500 Durians and 500 Kimchi, participated in this round. With the funding, Five Jack will look at expanding to south east Asia,… Read more »


Hong Kong launches $256m tech fund for startups

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Hong Kong’s government has launched an innovation and venture fund that will invest in startups, as well as encourage institutional investors to invest in Hong Kong-based technology startups.


As startup funding slows in India, VC firms back in the driver’s seat

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Venture capital (VC) firms are again wielding strong control over their portfolio companies, as a funding slowdown helps shift power back to the investors after more than a year when start-ups were spoilt for choice of backers. Apart from demanding that start-ups slow expansion, slash costs and cut discounts, many… Read more »


Early-stage domestic VCs mushrooming as India’s rich eyes startup play

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Domestic early-stage venture capital (VC) funds are proliferating in an effort to tap increasing demand from rich individuals and investment offices of business families (family offices) looking to invest in start-ups. VC firms such as Unicorn India Ventures, Endiya Partners, Altius Ventures, Parampara Capital and Venture Catalysts are tapping the… Read more »


Exclusive: Indian VC firm Endiya Partners to close $30m fund by March; to back 20 startups

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Venture Capital firm Endiya Partners, an early-stage investment firm, is in talks with more investors to close its Rs 200 crore ($29.9 million) new fund, Sateesh Andra, co-founder of the firm, told DEALSTREETASIA. The fund is expected to close by March 2016. “We have already received commitment from one financial… Read more »


India: Food delivery startup Faasos raises $30m from Ru-Net & return backers Sequoia, LightBox

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Faasos Food Services, the Pune-based food delivery startup, has raised $30 million in a funding round led by Russian internet-focused investment firm Ru-Net. Existing investors Sequoia Capital and Lightbox Ventures also participated in the round. “That’s right, the deal has happened, and we participated,” said Prashant Mehta, partner with Lightbox… Read more »


India: Homes services provider OK Sir in talks to raise $20m Series A round

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Mumbai-based OK Sir E-commerce Pvt Ltd, which provides home services through its portal oksir.com, is in talks with institutional investors to raise around $20 million in Series A funding, according to a PTI report citing company’s founder Arun Kapoor. OK Sir already provides its services in Mumbai, Delhi and Pune and… Read more »