Sequoia Capital India and Accel Partners have led a $12.2 million Series A funding round for Metro Bikes, an India-based scooter rental provider. It coincides with the company rebranding as Bounce.
Sequoia and Accel were reported in June to have led a $9.1 million round for Bounce’s parent company Wickedride Adventure with participation by Raghunandan Gangappa, the co-founder of ride-hailing firm...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.