India: IvyCap Ventures to make first close at $45m for its second fund

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India’s IvyCap Ventures Advisors Pvt Ltd, which is on the road to raise its Rs 600-crore ($91.4 million) second fund, is expected to announce its first close at about Rs 300 crore ($45 million) soon. “We have received up to 50 per cent commitments already and we will be announcing… Read more »

Asian venture capital deals quadruple to $31.6b in two years: Preqin

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Asian venture capital (VC) deal flow has quadrupled in two years, with total deal value in the region amounting to $31.6 billion for 2015 year-to-date (YTD), up from $7.7 billion in 2013. Alternative asset intelligence service Preqin noted that  the aggregate deal value in Asia for both VC and buyout… Read more »


India: Beverage delivery app ThirstKart plans to raise $10m to fund expansion

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Indian beverage delivery app ThirstKart plans to raise $ 10 million (Rs 65 crore) in the next one year, as per a report in PTI. The funds will be used by ThirstKart, operated by Mumbai-based ThirstKart E Services Private Ltd, to expand its services to all metro cities across the… Read more »


India: Video on demand platform Muvizz secures $350,000 angel funding

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Video on demand platform Muvizz has raised $350,000 in angel funding from three Singapore-based investors including Ashish Todi, MD at Frost Global Pte Ltd, Abhinav Patodia, director at Navtech, and Kumar Shwetabh, CEO at Pacific Global Inc. The five-month-old startup, which enables viewers to watch a curated list of titles… Read more »


India: Sebi increases offshore investment limit for VCs to 25%

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The Securities and Exchange Board of India (Sebi) on Thursday enhanced the overseas investment limit for venture capital funds from 10% to 25%. It was proposed in a consultation paper by Sebi in April. “Sebi has received several representations from the industry that there has been, in recent times, an… Read more »


Singapore: Jungle Ventures bags best VC exit award at SVCA’s 23rd anniversary event

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KKR and Jungle Ventures were awarded by the Singapore Venture Capital and Private Equity Association (SVCA) at the sixth SVCA Annual Awards even as it celebrated its 23rd anniversary last night. Formed in 1992 to promote the development of the venture capital (VC) and private equity (PE) industry in the city-state, the professional association… Read more »


India: Eywa Media raises $1m in seed round from ah! Ventures, others

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Eywa Media, a digital signal processing technology start-up, has raised $1 million in seed funding from ah! Ventures, UE-based private equity fund Viktor Koenig and Mantra Ventures to fund its expansion. The deal was supported and syndicated by ah! Ventures and led to closure on its investment platform, CLUBah.com, the… Read more »


Data management firm Infoworks raises $5M in Series A from Nexus, others

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US-based big data management company Infoworks.io Inc. said on Wednesday that it has raised $5 million. The round was led by Nexus Venture Partners, with participation by Knoll Ventures and others. The company that was founded in 2014 by Amar Arsikere and Subhas Kumar Ghosh is looking to use the… Read more »


Indonesia’s Financial Services Authority to regulate crowdfunding

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Indonesia’s Financial Services Authority, or OJK, says it will announce a regulation covering crowdfunding in the country. The new rules will be introduced next week, said OJK chairman Muliaman Hadad on the sidelines of an event organised to sign an MoU between OJK, Eximbank and multifinance association at the OJK… Read more »


Malaysia’s fitness platform KFit said to be raising $10m, Sequoia may invest more

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Just two months since its last round of funding, Sequoia Capital-backed KFit is seeking to raise another $10 million to help expand throughout Asia, Bloomberg reported, citing people familiar with the matter. The Malaysia-based fitness sharing platform is in talks with Sequoia for more funding, people familiar with the matter were quoted,… Read more »