The fund exceeded its initial target of $20 million.
JD.com, Qihoo 360 buy $63m stake in Chinese property manager Colour Life
Mizuho, Nomura to finance OYO founder Ritesh Agarwal’s $2b buyback
Librae Holdings investing $8m in The Trendlines Group placement issue
Facebook-like local social network Gapo launches in Vietnam
TPG Capital leads $50m funding for south India-focused NBFC Five Star
We’re benchmarking ourselves against the NFL, not UFC: Chatri, ONE Championship
Great time to be an entrepreneur, harder to be a VC: GGV Capital’s Jenny Lee
Vietnam’s VNPAY could raise up to $300m from SoftBank Vision Fund, GIC
Indonesia’s East Ventures said to close sixth VC fund at over $70m
SG’s co-living startup Hmlet raises $40m Series B round led by Burda
Hmlet had last raised a $6.5-million Series A round led by Sequoia India in November 2018.
Rest of Asia
However, funding in India continues to remain strong.
OkCredit will use the funds for capital expenditure and working capital needs.
Kalaari had also led the company’s seed round early last year.
The investment by TVS will enable Scienaptic to accelerate sales and product development.
aCommerce operates in Singapore, Indonesia, Thailand, Malaysia and the Philippines.
Although the funding size was not disclosed, a Mint report pegged it at $25 million.
Based in Silicon Valley, the VR Development VC Fund will enable smaller developers to access funding.
soCash will use the corpus raised to grow its distribution network in Indonesia, Malaysia and Hong Kong.
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