HK-based Klook Travel raises $5m from Matrix Partners, China Growth Capital; to expand to Singapore

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Hong Kong-based Klook Travel, which engages in the pan-Asian sales of travel activities across different Asian markets, has secured a $5 million Series A investment from a syndicate led by US-Sino investment fund Matrix Partners, China Growth Capital and angel investor Francis Leung, chairman of CVC Capital.  Incepted in September 2014 by the founding team of Erick… Read more »

India: Holidify raises $100K in angel round from promoters of Aarti Group, others

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Holiday discovery platform Holidify has raised $100,000 (about Rs 65 lakh) in angel funding led by the promoters of publicly-listed specialty chemicals company Aarti Group. The promoter family of Aarti Industries has earlier invested in education start-up Plancess, Bewakoof.com and Humming Whale, creator of Gladius Technology Cricket Bats. Other investors who… Read more »


India: LetsVenture gets Series A in Accel-led round; Kunal Bahl, Rishad Premji, Nandan Nilekani, Mohandas Pai too invest

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LetsVenture, the startup funding platform in India that helps other startups raise early-stage investments —much like AngelList in the United States — announced its own Series A funding, led by Accel Partners and Anupam Mittal, and with participation of Nandan Nilekani, co-founder of Infosys, Kunal Bahl, co-founder of Snapdeal, and Wipro’s Rishad… Read more »


How the growing band of angels are driving up India’s start-up ecosystem

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Rajan Anandan, Naveen Tewari, Ratan Tata, Krishnan Ganesh and Yuvraj Singh don’t have a lot in common. Except a passion for start-ups. That passion has led them to dip into their personal capital pools and write out cheques to more than 100 young, unlisted companies that need a leg up…. Read more »


Gobi Partners leads $2m Series A in Malaysian cosmetics e-commerce platform Hermo

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Shanghai-based venture capital firm Gobi Partners has led a Series A investment of $2 million into Malaysian cosmetics and skincare e-commerce platform, Hermo. In a statement, Gobi Partners said that this round of financing will be primarily used to strengthen Hermo’s product base, bring on new team members, enhance marketing… Read more »


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 »