Vietnam’s startup ecosystem attracting fresh VC interest

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Vietnam is fast emerging as a hotbed for entrepreneurial activity if recent deals and interest shown by venture capital firms and overseas investors are an indicator. Apart from the firms that have been in the country for a long time -like IDG Ventures Vietnam – several new venture capital (VC) players have entered the Vietnamese startup… Read more »

Jakarta-based online grocery startup HappyFresh raises $12m in Series A led by Vertex, Sinar Mas

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Jakarta-headquartered online grocery shopping startup, HappyFresh has completed a funding round of $12 million led by Singapore’s Temasek Holdings‘ venture arm, Vertex Ventures, and Sinar Mas Digital Ventures (SMDV), the venture arm of Sinar Mas Group of Indonesia. Other investors participating in the Series A round include Asia Venture Group, Beenext, Ardent Capital, 500… Read more »


India’s pre-owned bike platform CredR raises $15m from Eight Roads Ventures

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Incredible Technologies Pvt. Ltd, which owns online marketplace for used two-wheelers CredR, has raised $15 million from Eight Roads Ventures, earlier known as Fidelity Growth Partners. The venture, launched by three Indian Institute of Technology, Bombay, alumni in November, raised an undisclosed sum from Growthstory, the family office of K…. Read more »


Why Sequoia’s new India fund is a smoke signal

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Most people tracking the venture capital industry will recall Sequoia Capital’s “R.I.P. Good Times” slides that leaked to the press in October 2008. By then, the US was smack in the middle of the sub-prime mortgage crisis and just a month earlier, Lehman Brothers, the country’s fourth largest investment bank,… Read more »


Exclusive: Catcha Group’s VC arm evaluating 10 startups to lead investments

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Catcha Group is planning to announce the first of its investment deals within the next six months, as the group departs from its private equity (PE) strategy to a venture capital (VC) play through its investment arm, Catcha Ventures. The group’s game plan is to lead the investment rounds. Catcha Group vice… Read more »


Kalaari Capital raises $290m third India fund; ropes in ex-Microsoft India chairman Ravi Venkatesan & ex-Casitron CEO Ram Gupta as advisors

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Venture capital firm Kalaari Capital has raised a fresh $290-million (Rs 2,000 crore) fund from the same group of investors as its earlier funds to meet the rising investments needs of early-stage ventures in India, according to a report in the Times of India. This is Kalaari’s third fund in the… Read more »


Cisco venture arm invests $10m in Singapore VC firm Monk’s Hill

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Singapore-based venture capital firm Monk’s Hill Ventures has bagged a $10-million investment from Cisco Investments, the latter announced Monday. This confirms a July 13 report by DEALSTREETASIA, which had said that Monk’s Hill Ventures had roped in Cisco and Singapore state fund Temasek Holdings as LPs (limited partners) in its… Read more »


Exclusive: Jungle Ventures hits first close on $100m second fund; launches new $20m Seedplus Singapore fund

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Singapore-based venture capital firm Jungle Ventures has reached the first close of its $100-million second fund, according to an executive directly aware of the development. The VC firm, which recently got on board Ratan Tata, chairman emeritus of Tata Sons Ltd, as a special advisor, as well as David Gowdey, the… Read more »


Sequoia Capital plans new $800m fund for India

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Silicon Valley-based venture capital firm Sequoia Capital is looking to raise about $800 million (Rs 5,000 crore) for a new India-focused fund, that will be utilised to invest in several seed rounds in the country in the coming years, said a report in The Economic Times. The new $800-million fund… Read more »


Indonesian IoT startup eFishery gets pre-Series A funding from Aqua­spark, Ideosource

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Indonesia based eFishery, a smart fish feeder manufacturer, has received an undisclosed funding in a pre­-series A round led by Aqua­spark, a Utrecht (the Netherlands) ­based aquaculture investment fund, and Indonesian venture capital firm Ideosource. As an Internet of Things (IoT) startup for fish and shrimp farming, the Indonesian firm is tackling… Read more »