Indian Angel Network (IAN) and Sequoia Capital have become shareholders in VC-backed XinLab, which operates under the brand Vuclip, following its acquisition of mobile video start-up Jigsee in an all-stock deal.
The details of the transaction have not been disclosed. Sequoia and IAN had been early investors in Jigsee in 2011 when the company raised just over $1million. IAN president Padmaja Ruparel told Techcircle it...
Ekuinas, a private equity firm backed by the Malaysian government, has acquired a 35% interest in Al-Ikhsan Sports, the country’s leading sportswear retailer, for MYR68.6 million ($16.9 million).
Eight Roads Ventures has led a $15 million Series B round of funding for Paidy, a cardless payment and instant credit service offered by Japanese financial technology platform Exchange Corporation.
Japanese corporate analytics platform Abeja has raised a JPY530 million ($5 million) Series B round from Innovation Corporation of Japan (INCJ) and Archetype Ventures.
Allegro Funds Group has exited Australia-based Vulcanite Holdings to German multinational Continental, five years after acquiring the molded rubber parts specialist through a management buyout.