Chengwei Capital has led a Series B round of funding for Xin Xi Bao, a Chinese text messaging software developer.
Financial terms were not disclosed but the start-up told local media that the round amounted to tens of millions of dollars. Jie Shi Capital, CAC Capital and Wind Capital are the other new investors, while...
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.
India and Southeast Asia-focused Panthera Growth Partners has reached a first close on its second fund with commitments amounting to more than half the overall target of USD 250m.