Shunwei Capital, a VC firm established by Xiaomi founder Lei Jun, has led a RMB55 million ($8 million) Series B round for B2B apparel sourcing and wholesaling platform Yi Shou.
Other participants include Matrix Partners China and Huaxing Growth Capital, the flagship private equity arm of China Renaissance. Shunwei also backed the company’s Series A round in 2017. Founded...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.