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India's MyGlamm raises $150m Series D
Good Glamm Group, operator of Indian direct-to-consumer beauty marketplace MyGlamm, has raised a $150 million Series D round led by Warburg Pincus and Prosus Ventures.
Google backs Korea edtech player Mathpresso
Google has made a strategic investment of undisclosed size in Korean education technology provider Mathpresso, bringing total funding to around $105 million.
GoTo gets $1.3b in first tranche of pre-IPO funding
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.
China's Red raises $500m at $20b valuation
Chinese social e-commerce app Xiaohongshu, also known as Red, has raised a $500 million round led by Temasek Holdings and Tencent Holdings at a valuation of $20 billion, up from $3 billion in 2018.
China regulation: Shock and awe
A raft of rules, largely targeting the technology sector, has challenged business cases and thwarted exits in China. It is also contributing to tweaks in investment strategy
Australia's Rampersand targets $29m for fourth VC fund
Rampersand, an Australia-based VC investor, is looking to raise A$40 million ($29.6 million) for its fourth fund, which will address what the firm describes as a “chronic funding gap in early-stage seed funding.”
Tiger Global leads $100m round for China HR SaaS player
Moka, a Chinese software-as-a-service (SaaS) provider specializing in human resources services, has raised a $100 million Series C led by Tiger Global Management.
Affinity invests $150m in Indonesia's Netflix rival
Affinity Equity Partners has invested $150 million in Vidio, an Indonesia-based over-the-top (OTT) streaming service described as a local equivalent to Netflix, as part of a $200-250 million funding round.
Cross-currency restructuring underpins Ameba's VC fund
China-focused VC firm Ameba Capital has closed its debut US dollar-denominated fund at $265 million, supported by a renminbi-to-US dollar secondary restructuring and a primary staple.
Capital, talent flock to Japanese start-ups - AVCJ Forum
Japan’s early-stage investment environment has improved dramatically over the past several years with the emergence of a new generation of entrepreneurs, industry participants told the AVCJ Japan Forum.
China e-commerce: Chaos in the community
With investor sentiment on China’s technology sector cooling, community group buying platforms are battling to conserve cash. This has done little for the government’s anti-monopoly drive
China smart home specialist Aqara raises $156m
Aqara, a China-based provider of smart home appliances and internet-of-things (IoT) solutions, has raised RMB1 billion ($156 million) in Series C funding.
India grocery delivery player Zepto raises $60m
Zepto, an Indian grocery app that claims to deliver food in 10 minutes, has raised $60 million in its first institutional funding round with US-based Glade Brook Capital taking the lead.
Kedaara leads $75m round for India's Purplle
Kedaara Capital has led a $75 million Series E round for India-focused beauty e-commerce platform Purplle at a valuation of $630 million – up from $300 million when the start-up closed its previous round in March.
China ride-hailing app T3 Go raises $1.2b
T3 Go, a Nanjing-based ride-hailing platform, has raised a RMB7.7 billion ($1.2 billion) Series A round led by CITIC Investments. Redview Capital and Virtue Capital also took part.
General Atlantic leads Series C for Philippines-based Kumu
General Atlantic has led a Series C round of undisclosed size for Philippines-based social media start-up Kumu, bringing total funding to date to $100 million.
Deal focus: India's Hubilo rises from ashes
An early mover in last year’s virtual events boom, Hubilo is attracting global investors with an explosive growth story and a sense of empathy for a disrupted industry
China MRO player Ruigu gets $250m Series D
Ruigu, a China-based industrial supplies platform that serves small and medium-sized enterprises (SMEs), has raised $250 million in Series D funding led by Primavera Capital Group.
ADIA to lead pre-IPO round for Indonesia's GoTo
Abu Dhabi Investment Authority (ADIA) has committed $400 million to Indonesia super app GoTo as the lead investor in a funding round ahead of the company’s much-anticipated IPO.
Q&A: 500 Global's Christine Tsai
Christine Tsai, co-founder of 500 Global, formerly 500 Startups, reflects on how a planetary approach to seed-stage VC has changed the asset class, the developing world, and the firm itself
Fund focus: Vitalbridge plays it safe
The China-based venture capital firm declined to increase its Fund II hard cap as regulatory uncertainty mounted. It now has $275 million in dry powder earmarked for services digitalization
China's Vitalbridge closes Fund II at $275m
Vitalbridge Capital, a China-based venture capital firm that spun out from Trustbridge Partners, has raised $275 million for its second US dollar-denominated fund.
WestBridge leads $50m round for India's Fraazo
WestBridge Capital has led a $50 million round, comprised of a mix of debt and equity, for direct-to-consumer fresh produce delivery service Fraazo.
LeapFrog leads $250m round for India's CarDekho
LeapFrog Investments has led a $250 million Series E round - described as a pre-IPO round - for Indian online auto marketplace CarDekho at a valuation of $1.2 billion.