Meesho, an Indian e-commerce platform focused on small businesses and emerging brands, has raised a $50 million Series C round led by Shunwei Capital, RPS Ventures, and DST Partners.
Existing investors SAIF Partners, Y Combinator, Venture Highway, and Sequoia Capital India - all of which contributed to Meesho’s $11.5 million Series B in June - also took part in this round. The company...
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).