PremjiInvest has bought $20.4m of shares in the eyewear retailer from IDG Ventures India and invested a further $9.6m at a $270m valuation.
Month: September 2016
Ogury advertises $15m series B
ACG has returned to back a $15m round for Ogury, which specialises in targeted advertising on mobile devices.
Bosch exits Movidius in Intel acquisition
Vision processing chipmaker Movidius, which had raised more than $86m from investors including Robert Bosch and Sunny Optical, has been acquired for an undisclosed sum.
CDL moves into Mamahome with $15m investment
Real estate firm City Developments has made a strategic investment in the short-term apartment rental platform, taking a 20% stake.
Rapyuta Robotics reconnects to SBI for $10m
Cloud-connected robot developer Rapyuta has secured $10m in a series A round led by existing investor SBI Holdings.
Sistema and Rusnano team up for $100m fund
Conglomerate Sistema has formed its third fund collaboration this year, this time in partnership with Russian nanotechnology commercialisation company Rusnano.
Rigontec concludes $32.7m series A
Boehringer Ingelheim was among the investors as the RNA therapeutics developer reached the final close of a round it began raising in 2014.
Barcamper drinks in $30m
Insurance company Società Reale Mutua di Assicurazioni has contributed to the $30m first close of Barcamper Ventures, a venture capital fund formed by Italy-based asset management firm Primomiglio, FinSMEs reported yesterday. Barcamper intends to provide funding for up to 200 Italy-based startups, as well as some from elsewhere in Europe and the US, which will… Continue reading Barcamper drinks in $30m
BAIC to kickstart Cheyipai’s engine with $45m
Carmaker BAIC Group is set to lead a round that will help Renren and Tencent-backed car trading platform Cheyipai pivot to a new business model.
Zilingo makes $8m series A sale
The e-commerce company will use the Susquehanna International Group-backed round to expand into new markets and boost its market share elsewhere in Southeast Asia.
Applied Materials branches out to Asia
The chipmaker’s corporate venturing arm, Applied Ventures, is putting together a team in Singapore to increase its activities in Asia.
Novartis helps pile up $40m for Rox
Hypertension treatment device maker Rox Medical has taken its total financing to $50m with a series E round co-led by Novartis Venture Fund.
AXA lets go of EverContact
The insurer’s AXA Strategic Ventures unit has exited email contacts tool developer EverContact through an acquisition by One More Company, in which it has also invested.
Flyrobe closes $5.3m
The fashion rental service took its funding to $7m in under three months with a series A round led by IDG Ventures India.