India: Sports entertainment firm Smaaash raises $14m from HNIs

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It was recently reported that Smaaash had raised funding from Sixth Sense Ventures.

China Digest: Citybox, Jiaanpei, Rogrand, Zhulilaiye, Viamax get funding

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Citybox, a Chinese smart vending machine operator backed by Alibaba’s Ant Financial, has raised $25 million in a Series B round of funding led by ClearVue Partners.


India: Indus OS raises $4m from existing investors in pre-Series B round

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The Mumbai-based startup has raised $13 million in funding so far.


Sequoia Capital said to be raising up to $6b for new global fund

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The venture capital firm is looking to raise more money in the wake of disruption from SoftBank’s $100 billion Vision Fund.


Malaysia: MyEG’s venture arm picks stake in tech firm Stampede Holdings for $2.5m

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The investment in Stampede marks MY EG Capital’s largest funding to date. 


Orchard Therapeutics raises $110m from Baillie Gifford, ORI Capital, Singapore’s Temasek

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Gene therapy is gaining momentum with the FDA recently updating guidance to help speed up development of such treatments.


China: Eight Roads, F-Prime partner Northern Light to lead $25m round in Orient Speech

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Eight Roads and F-Prime Capital had also made an undisclosed investment in the company’s series A round in 2015. 


China: Sequoia China backs Graphcore’s $50m Series C; Miaozhen invests in MaLogic

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Graphcore develops its own products, called IPUs (intelligence processing units), designed specifically for improving the performance of machine learning.


Asia Digest: SoftBank backs AI startup Mirror, Horizon Ventures invests in Fano Labs

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San Francisco-based Mirror is a custom emoji keyboard maker.


How bitcoin is challenging the entire concept of venture capital

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Driven by a combination of enthusiasm and fear, venture firms are developing new tricks to cash in on the cryptocurrency frenzy.