Sequoia Capital India has joined a $20 million Series B funding round for Fave, a Malaysia-based online-to-offline (O2O) platform operator that covers a range of consumer categories across Southeast Asia.
Other investors in the round included SIG Asia Investments and Venturra Capital. Previous investors include 500 Startups, InnoVen Capital, India Asia Venture Group, Global Founders Capital, Intres Capital,...
Timothy Zee, a Singapore-based managing director with PAG whose primary responsibilities included deal sourcing and business development, has left the firm after 10 years.
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.