Eight Roads Ventures has led a $12.5 million Series C funding round for Unbxd, an India-founded e-commerce services company now headquartered in the US.
Existing investors IDG Ventures, Inventus Capital Partners, Nirvana Ventures also participated in the round alongside Kris Gopalakrishnan, the co-founder of Indian business technology consultant Infosys....
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.