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Glory closes third renminbi fund at $96m
Chinese early-stage investor Glory Ventures has closed its third renminbi-denominated fund at RMB682 million ($96 million) and also reached a first close of its second US dollar vehicle.
Australia workforce training start-up Go1 gets $40m
Australian workforce training services start-up Go1 has raised a $40 million Series C round led by local strategic Seek and US-based Madrona Venture Group.
Bangladesh-focused VC makes debut investment
Anchorless Bangladesh, a New York-headquartered VC firm dedicated to the country, has made its debut investment in a local logistics start-up.
Chinese home fitness app raises $80m Series E
Keep, a Chinese mobile app that provides fitness training programs, has raised $80 million in Series E funding led by Jeneration Capital.
Iron Pillar adds $45m to debut India fund
Indian venture capital firm Iron Pillar Capital Management has added $45 million to its maiden fund to support the capital needs of existing portfolio companies.
General Atlantic joins PE backers of Reliance's India app platform
General Atlantic has agreed to invest INR65.98 billion ($870 million) in Jio Platforms, becoming the fourth investor in the holding company for Indian conglomerate Reliance Industries' internet and telecom assets.
Jio Platforms: India's giant in waiting
From Silver Lake to Vista Equity Partners to Facebook, international investors are flocking to Reliance Industries' internet and telecom platform. But can the business deliver on its undoubted potential?
UAE’s EMPG acquires Rocket-backed Lamudi Global
EMPG, a real estate classifieds marketplace group headquartered in the United Arab Emirates, has acquired Lamudi Global, which runs property market portals in the Philippines and Indonesia.
Sequoia leads $109m round for Indonesia coffee chain
Sequoia Capital India has led a $109 million Series B round for Kopi Kenangan, an app-driven grab-and-go coffee chain based in Indonesia.
AirTree backs Australia property intelligence platform
AirTree Ventures has led a A$6 million ($3.9 million) Series A round for Archistar, an Australian online property platform that allows users to click on blocks of land and see what can be built.
Vertex leads $26.5m Series D for Taiwan’s M17
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has led a $26.5 million Series D round for Taiwan-based media streaming company M17 Entertainment.
Korea's Kurly raises $164m Series E
Kurly, operator of Korean grocery delivery platform Market Kurly, has raised KRW200 billion ($164 million) Series E round from a group of domestic and international VCs.
Vista Equity to invest $1.5b in Reliance's India app platform
US-based Vista Equity Partners has agreed to invest INR113.67 billion ($1.5 billion) for a stake in Jio Platforms, a holding company for Indian internet and telecom assets, including Reliance Jio Telecom.
Indonesia's GudangAda gets $25m Series A
Indonesian B2B e-commerce platform GudangAda has raised $25.4 million in a Series A round led by Sequoia Capital India and Alpha JWC Ventures.
Silver Lake to invest $750m in Reliance's India app platform
Silver Lake Partners has agreed to invest INR56.5 billion ($750 million) for a stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Starbucks to work with Sequoia on China investments
Sequoia Capital China has teamed up with Starbucks to make strategic investments in next-generation food and retail technology companies in the country.
Warburg Pincus, General Atlantic back privatization of China's 58.com
Warburg Pincus and General Atlantic have thrown their support behind Ocean Link’s proposed $7 billion privatization of 58.com, China’s leading online classifieds marketplace.
Deal focus: SensorFlow’s coronavirus pivot
With hotel occupancy falling - and demand for its energy management solution taking a hit - SensorFlow moved quickly to make the revenue model sustainable. The company is now targeting vertical and geographic expansion
Q&A: Zenysis Technologies' Jonathan Stambolis
Zenysis Technologies develops artificial intelligence-enabled systems that help governments improve healthcare management. CEO Jonathan Stambolis explains how demand has increased in response to COVID-19
Deal focus: Kargo serves Indonesia’s logistics needs
Kargo Technologies, Indonesia's only pure online marketplace for the trucking industry, has responded to the coronavirus outbreak by focusing on the transportation of consumer staples
Fund focus: Coral targets Japan’s Series B gap
Having previously raised dedicated vehicles to support follow-on rounds for Japanese start-ups, Coral Capital has gone a step further with a fund dedicated to the strategy
Qiming leads round for Chinese display chip provider
Yunyinggu, a Chinese manufacturer of integrated circuits used in flat screen displays, has raised RMB200 million ($28 million) in Series C funding across two tranches.
Fund focus: Qiming’s triumph of quick thinking
Having overcome coronavirus disruption to close its seventh fund at $1.1 billion, Qiming Venture Partners is ready to go bigger on China healthcare
Coronavirus & Australia VC: In SaaS we trust
Enterprise services start-ups with recurring revenue are well positioned, but mid-cap players could become vulnerable