Acko General Insurance raises $30m in one of largest seed rounds in India – SAIF, Accel join


The company has the backing of marquee investors

Taralite receives funding from Japan's SBI Group
Japan’s SBI Group invests $6.3m in Indonesian P2P lender Taralite

Tokyo-based fintech company SBI Group has invested $6.3 million into Indonesian peer-to-peer lending startup Taralite, the firm announced today. The financial terms were not disclosed. The funds will be used to build a “world-class R&D team”, which would build an algorithm for Taralite’s future plan to be a “one-stop shop”…. Read more »

Indian government may alter ‘start-up’ definition

The government may change the definition of a start-up following criticism that the current one that defines such companies as those that are less than five years old and have annual sales not exceeding Rs25 crore was too restrictive. “We are finding that this definition needs to go through a… Read more »

SoftBank nears deal to invest $3b in US startup WeWork: CNBC

Japan’s SoftBank Group Corp is close to finalising an investment in U.S. office-sharing startup WeWork, in a deal expected to be worth over $3 billion, CNBC reported on Monday. The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1… Read more »