By Ka Kay Lum
The deal also marked its first investment via a special purpose vehicle in Southeast Asia.
Gumi Cryptos will invest in cryptocurrency and blockchain technology startups.
The last few years have been turbulent for Nexus with its massive investment in once-prolific e-commerce player Snapdeal failing to deliver results.
The $100-million fund primarily targets investments in fintech-related areas such as blockchain, geolocation and payments, but it is also exploring ‘frontier’ technologies such as augmented reality/virtual reality that could help shape the fintech world in the years to come.
Moovaz has secured seed funding from a group of investors, including key personnel from Ong Beng Seng’s family office fund, Mojo Partners.
VC investor SAIF Partners is the single largest public shareholder in Manpasand Beverages Ltd holding over 17% stake.
The fundraising is part of the startup’s plan to raise a total of $10 million for its series B, targeted to be completed by the end of August.
The startup seeks to bridge the gap between the skills copmanies need and the talent available in the digital economy.
Sequoia Capital has raised $6 billion for the global fund, with new investors accounting for a majority of the capital commitments.
Knero will use the funds to accelerate product development and collaborate with strategic partners to implement vertical industrial applications with a focus on three major areas: smart home, smart surveillance, and smartphones.