US-based Moderne Ventures launches accelerator, eyes Asian tech startups

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US-based venture fund Moderne Ventures launched its new accelerator program and is eyeing tech startups in Asia to connect to multi-trillion dollar industries in the United States.

Singapore: Temasek’s arm Vertex powers five big Asian venture capital investments in Q3

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Temasek Holdings has been increasing its exposure to venture capital (VC) class assets and investments, having infused capital into a number of VC funds, as well as through its VC unit, Vertex Venture Management. Over the last year, The Straits Times reported that Singapore’s state fund has infused S$90 million into four local… Read more »


JavaLand Promosia & Singapore’s CoAssets set up Indonesia’s first crowd-funding platform

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Property group, PT Javaland Promosia Indonesia and Singapore-based real estate crowd-funding company CoAssets Pte Ltd has set up  a strategic joint venture (JV) for the country’s first crowd-funding platform which will be launched in Surabaya, East Java. The move is part of the CoAssets’ strategic plans to expand into the growing Indonesian market. Related: CoAssets in… Read more »


After funding, managing surplus cash a headache for Indian start-ups

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Capital Float, a start-up that lends to e-commerce merchants, raised $13 million from venture capital firms SAIF Partners and Sequoia Capital in February. The two-year-old company was suddenly flush with cash. Its founders were, however, at a loss about how to manage the funds that would be needed several months… Read more »


India: Cloud Lending Solutions raises $8m in Series A funding

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Cloud Lending Solutions, a cloud infrastructure company that provides technology to marketplace lenders and other financial technology companies, has raised $8 million in Series A funding led by SF Capital Group. Cota Capital, Long Light Capital participated in the fundraising along with current seed investors Green Visor and Epic Ventures,… Read more »


500 Startups to raise $20m, doubling SEA fund for tech startups

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Silicon Valley-based venture capital firm 500 Startups has doubled the size of its Southeast Asia-focused fund, to invest in more technology startups in the emerging region. The seed stage investor is now seeking to raise $20 million, as reported by Bloomberg. Among the names participating in the fund are Malaysia’s Genting… Read more »


India: Tiger Global to infuse fresh capital in classifieds portal Quikr

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New-York based Tiger Global Management is expected to infuse fresh capital in online classifieds major Quikr, which is close to acquiring realty portal CommonFloor for about $160 million, over a three times jump in the previously quoted deal amount. The acquisition may also see Bengaluru-based Quikr, which is being valued… Read more »


Lippo Group-backed Venturra Capital launches $150m VC fund; to invest in tech, internet firms in SE Asia

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Venturra Capital, a new venture capital fund sponsored by Indonesia’s conglomerate Lippo Group, on Thursday launched its $150-million Venturra Fund I to nurture tech and Internet businesses in South-east Asia. Venturra Capital will prioritise Indonesia and Southeast Asia and will invest in technology companies in the early growth stage. It… Read more »


India Dealbook: Cube26 raises funds from Tiger Global; Sanjeev Kapoor backs ZuperMeal; Naturally Yours gets seed funding

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Information technology firm Cube26 has raised an undisclosed amount in funding from venture capital firm Tiger Global Management, while online organic food brand Naturally Yours has received seed funding from serial entrepreneur and angel investor Sanjay Mehta. In a separate funding round, ZuperMeal has raised $2 million from celebrity chef Sanjeev… Read more »


India: Mobikon gets funding from Qualgro, Life.SREDA

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Mobikon, a Pune, India and Singapore-based maker of cloud-based marketing software, has raised funding from fintech-focussed Life.SREDA and Qualgro, an Asean fund. While the amount of funding was not disclosed, Mobikon said in a release that it will help the company expand its tech capabilities and expand to new geographies such… Read more »