Bertelsmann India Investments has led a $16.6m round for the budget hotel chain operator, sized lower than the rumoured $20m to $25m reported earlier this month.
Month: July 2016
Alibaba Pictures co-launches $300m entertainment fund
Alibaba’s film production and distribution subsidiary will invest up to $75m in the investment fund, with $225m to come from Gopher Asset.
Corporates okay second KK Fund
Sega Sammy and Septeni have supported KK Fund’s second vehicle, which will focus on early-stage startups across Southeast Asia, Taiwan and Hong Kong.
Siam Commercial Bank forwards corporate venturing plans
SCB’s Digital Ventures unit has announced its plans to set up a $50m corporate venturing arm, an accelerator and a research and development unit.
N-of-One successfully seeks Providence in $7m series B
Providence Health & Service joined Excel Venture Management to fund precision oncology analysis company N-of-One’s latest round, which will support sales and marketing.
Eve Sleep gets up for $9m
Channel 4’s ad for equity unit, Commercial Growth Fund, was among the round’s participants, joining existing backers DN Capital and Octopus Ventures.
Investors move $37m to Haozu
The office space leasing service, a spinout from 58.com, raised the money in a round backed by Joy Capital and Northern Light Venture Capital.
CargoX packs in $10m
Ability Logistics invested as part of the Goldman Sachs-led series B round, which increased the trucking services startup’s overall funding to $14m.
Editorial: Growing the next generation of entrepreneurs
The number one challenge in venture capital, whether the source of the money is corporate, university, government or independent-based, is to source good quality deal flow.
Monotype picks out Olapic in $130m acquisition
Unilever is set to exit social marketing platform developer Olapic, which had raised $21m from backers also including Bonobos and Warby Parker.
Tencent helps Yonghong calculate $30m series C
Big data technology producer Yonghong Tech has secured $30m from investors including Tencent and iResearch Consulting.
Big Deal: Rocket Internet’s GFG raises $363m
Global Fashion Group’s latest funding makes it one of several Rocket entities to have raised cash this year, but they will need to stem losses before the money tap turns off.
InflaRx heats up $34m series C
Staidson Biopharmaceuticals has supported a $34m series C round for InflaRx, which is working on treatments for acute and chronic inflammatory conditions.
UBtech interacts with investors for $100m
UBtech, backed by Anhui USTC iFlytek, has added $100m to its coffers to boost R&D efforts for its family-friendly robots.