By Ishita Russell
Last year, the firm had made the final close of its maiden fund at $30 million.
The VC firm buys stakes from founders and early employees of growth-stage tech companies. Other portfolio companies include DiDi Chuxing and Coupang.
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.
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.
The on-demand delivery firm plans to use the funding to expedite its expansion in Saudi Arabia and the wider region.
Pudong Innotek and existing investors Lilly Asia Venture and OrbiMed Asia also joined the round.
The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service.
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”.
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.
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.