IvyCap Ventures has led a INR310 million ($5 million) round of funding for Aujas Networks, an information risk management (IRM) service provider. Existing investor IDG Ventures India, along with new entrant Rajasthan Venture Capital Fund (RVCF), also took part in the round.
The company was set up in 2008 by Srinivas Rao, a former Cisco Systems director, Navin Kotian, previously country managers for IBM India, and Sameer Shelke, a former director at Fidelity Investments who...
The government of Shenzhen, China has launched a VC fund with an initial corpus of RMB500 million ($79 million) to invest in blockchain start-ups in the city.
Sequoia Capital China and Serica Partners have co-led an $11 million Series A round for US-based molecular diagnostics start-up NuProbe.
Shenzhen Capital has joined a $30 million Series C round for US-based 3D printing company Formlabs that will support an expansion effort in China and Asia.