VC News Network
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TempoGo raises US$825k in seed funding round led by K2 Capital
TempoGO, an Internet of Things (IoT) and SaaS solutions provider for commercial transportation has secured a Rs 5.6 crore (about US$825k) seed investment round led by Hong Kong-based K2 Capital.
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Warburg-backed e-Shang Redwood closes US$300 million investment in run up to IPO
E-Shang Redwood (ESR) has closed a US$300 million round of investment led by a consortium of China mainland investors. The Asian logistics developer also prepares for a potential 2017 initial public offering.
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China’s Sogou targets IPO at US$5 billion valuation to rival Baidu
China’s third-biggest search engine Sogou plans to hold a U.S. initial public offering this year, according to its CEO Wang Xiaochuan in an interview with Bloomberg.
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China establishes US$1.44 billion Asia Fintech Fund of Funds (FOF) focusing on M&A deals
Asia Fintech Fund of Funds (FOF), a foundation that targets financial and tech mergers and acquisition (M&A) in Asia has been established with funds of US$1.44 billion.
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India-based instantPay secures pre-Series A funding from RB Investments, Kaleden
New Delhi-based SMSdaak India Ltd, which operates digital payments startup instantPay, has raised its pre-series A funding from Singapore based
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Everstone makes third healthcare acquisition, investing US$35 million in OmniActive Health
Everstone Group acquires a minority stake in OmniActive Health Technologies Ltd. in a US$35 million deal to strengthen OmniActive’s presence in global nutraceutical space.
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Galaxy Holdings, Puji Capital announces joint venture platform to back foreign businesses in Shenzhen
Galaxy Holdings and Puji Capital has recently formed a strategic joint venture to provide investment capital and act as a business incubator for foreign companies entering the China market. They will invest in more than…
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Hathway Cable Unit GTPL Hathway files papers for IPO to raise US$45 million
Multi-system (MSO) GTPL Hathway, a subsidiary unit of Hathway Cable & Datacom Ltd has filed for a Rs 300 crore IPO (approximately US$45 million) which proceeds will be used to reduce debt. Hathway’s IPO will…
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Huawei acquires Israel cyber security startup HexaTier for US$42 million
Chinese giant Huawei has recently acquired HexaTier, an Isreali cyber security startup for US$42 million. The smartphone maker will use HexaTier to set up an R&D center in Israel for databases in the cloud.
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Tiger Brokers raises US$29 million Series B funding round backed by CITIC Goldstone, Huagai Capital
Beijing-based online brokerage company, Tiger Brokers Co has raised up to 200 million yuan (about US$29 million) in a Series B funding round participated by Citic Goldstone Management Co Ltd, and Huagai Capital.
