Sequoia Capital India and marquee startup accelerator Y-Combinator also participated in the round.
Sequoia-backed Groww raises $21.5m funding led by Ribbit Capital
Singapore’s Vertex raises record $305m for fourth SE Asia-India fund
Wow! Momo raises funding led by Tiger Global, gets valued at $120m
Indonesia-focused Indies Capital hits final close for tech fund at over $70m
S Korea’s KB Investment eyes $100m joint SE Asia fund with Indonesia’s MDI Ventures
Dutch brewer Heineken ties up with SG’s Grab to broaden beverage distribution
Indonesia’s Gojek secures funding from insurer AIA Group unit
Asia PE-VC Summit 2019: Private equity firms spot big promise in early-stage bets
The amount raised was a record for an early-stage investment vehicle in the region.
Wow! Momo Foods has raised $23 million in a Series B funding round.
Launched in November 2018, the corpus is already half-deployed across eight companies in Southeast Asia.
As much as 20% of the corpus will be kept for investments in markets such as Korea, Japan and the US.
The company has invited private equity and trading firms to bid for 100% of Nissan Trading Co.
The investment comes alongside a strategic partnership agreement between the two companies
TuSimple said the new funds were part of a round that was oversubscribed and reached a total of $215 million.
SoftBank's fresh capital for the firm comes from its $5-billion Latin America fund, launched in March.
Vietnamese companies are mushrooming in the social network space. These include names like Lotus and Gapo.
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