RIL’s idea is to join hands with a startup and develop the intellectual property that will be owned jointly.
The $120-million investment is reportedly the single largest investment in China’s CRM sector.
The startups have received $50,000 each in seed funding from Insignia Ventures Partners.
The acquisition is said to be one of the largest equity investments in China's biotechnology industry to date
Q & A
SGInnovate has invested over $40 million in more than 60 deep tech startups since its inception in 2017.
The startup, founded in 2015 by Kaushlendra Singh Sengar, is a tech-driven platform in the investing space.
Chinese online math platform VIPThink has raised its Series B financing led by US-listed English training company New Oriental Education.
The fresh fund will be used for its expansion into Asia with new offices in Japan and Singapore.
The round also saw participation from Building Ventures, Revolution's Rise of the Rest Seed Fund, and Clean Energy Trust.
The fresh funds will be used for amplifying distribution networks across all metro and non-metro cities and doubling down the existing R&D team.
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