By Nguyen Thi Bich Ngoc
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 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 »
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.
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’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.
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 »
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 »
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 »
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 »
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 »