Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
Other Investors include ClearVue Partners, Chinese internet technology company NetEase, and Northern Light Venture Capital. Existing investors GGV Capital, Qiming Venture Partners, and Source Code Capital...
GGV Capital’s Asia business will sever ties with the firm’s international operation – switching to separate partnerships and a distinct brand – as venture capital continues to feel the impact of the US and China’s conflicting technology agendas.
A consortium led by Japan Industrial Partners (JIP) has successfully completed a tender offer for Toshiba Corporation, paving the way for a JPY 2trn (USD 13.6bn) privatisation of the company.
Peak XV Partners, formerly Sequoia Capital India, and Elevation Capital have led a USD 12m Series A round for Indian visa platform Atlys with support from Andreessen Horowitz.
Pacific Equity Partners (PEP) has agreed to pay AUD 272.1m (USD 174m) for a 50% stake in LMS Energy, a biogas-to-energy and solar renewable energy business held by Australian metals recycler Sims.