Indian VC firm WaterBridge Ventures said to seek around $75m for new fund

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Last year, the firm had made the final close of its maiden fund at $30 million.

Delhi

Grab-backer 137 Ventures closes fourth fund at $210m

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The VC firm buys stakes from founders and early employees of growth-stage tech companies. Other portfolio companies include DiDi Chuxing and Coupang.


India Dealbook: Tosshead, EasyFi, The Wedding Brigade, &Me bag funding

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The Wedding Brigade (TWB) has raised over $1 million in an extended pre-Series A funding round led by Japan-based AET Fund and Blume Ventures.


Eight Roads leads $12.5m funding in Indian SaaS platform Whatfix

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The firm will use the funding proceeds to expand into newer global markets, and to grow its research, marketing, and sales teams in the US and India.


Saudi startup Mrsool bags Series A investment from STV, Raed Ventures

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The on-demand delivery firm plans to use the funding to expedite its expansion in Saudi Arabia and the wider region.


Advantech, CMBI lead $70m Series C round in China’s InventisBio

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Pudong Innotek and existing investors Lilly Asia Venture and OrbiMed Asia also joined the round.


Shanghai-based Mollybox secures $13m Series B from DCM, Digitalis

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The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service.


Lack of country-specific expertise a gap in SE Asia’s VC ecosystem, says Intudo’s Chan

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Intudo, which recently closed its second fund at $50 million, started out with an “Indonesia-focused” thesis before further streamlining its thesis to “Indonesia-only”.


Aquaculture, palm oil ripe for disruption in Asia, says Trendlines’ Sarai Kemp

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Nearly 60% of aquaculture (farmed shrimps and fish) globally is farmed from the Asia Pacific. Over 80% of the world’s palm oil output is from two countries alone – Indonesia and Malaysia.


India Dealbook: Aibono, EroNkan, SparesHub secure funding

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AI-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A round led by social impact investor Menterra Venture Advisors.