Ace Turtle never wanted to be India’s answer to Amazon, but it has moved from software provider to supply chain coordinator while stepping back from international markets. Investors are not deterred
Ace Turtle resisted tapping external investors until 2017, three years after its founding. The unhurried pace was due to its positioning as an e-commerce enabler – providing services in payments, customer...
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.