Tiger, Sequoia lead $60m round for India's Moglix
Tiger Global Management and Sequoia Capital have led a $60 million funding round for India-based business-to-business (B2B) industrial goods marketplace Moglix.
Hong Kong-based Composite Capital also participated in the funding round, according to a statement. Moglix represents Composite’s second investment in India, following a $50 million funding round last...
More on South Asia
Latest News
China’s MSA Capital, Bahrain bank launch $50m VC fund
Beijing-based MSA Capital and Al Salam Bank-Bahrain have set up a $50 million VC fund that will target cross-border opportunities between China and the Middle East and North Africa (MENA) region.
Singapore's Carousell merges with Asia assets of Telenor
Singapore-based online consumer-to-consumer marketplace Carousell has merged with the Southeast Asia subsidiary of Norwegian telecommunications giant Telenor Group.
China targets $7b security industry fund
China Reform Holdings, a state-owned fund manager with RMB700 billion ($100 billion) in assets under management, has launched a RMB50 billion fund that will make investments in the security industry, with a particular focus on technology-enabled services.
Chinese bitcoin player completes $90m IPO, endures bumpy debut
Chinese bitcoin mining equipment manufacturer Canaan experienced a volatile first day of trading on NASDAQ after raising $90 million in a smaller-than-expected IPO.