Lenskart will exit the vision-testing app developer in an acquisition expected to be around the $100m mark, two years after investing $1m.
Month: December 2019
Pfizer tracks Triplet for $49m series A
Genetic disease drug developer Triplet Therapeutics has emerged from stealth with $59m including $49m in a round co-led by Pfizer Ventures.
1366 counts up $18m in series E
The Hanwha and Wacker Chemie-backed solar wafer developer raised $18m as it seeks further cost reductions for its manufacturing process.
Hanplatform hangs up series A funding
XCMG’s industrial internet-of-things spinoff raised $42.9m from investors including Xinhua Daily Media Group, with Hillhouse Capital leading the round.
Guangxi Royal helps DNV Capital crown new fund
Guangxi Royal Dairy committed nearly half the capital for the venture firm’s latest fund, which has closed at $86.7m.
Arbe arcs to $32m series B
BAIC Capital and the multi-corporate backed AI Alliance both featured in a round that brought automotive radar chip developer Arbe’s total funding to $54m.
Licious laps up $30m
Bertelsmann India Investments and Sistema Asia Fund returned to invest in a round that reportedly valued the online food retailer at up to $300m.
RecoveryOne gets back in shape with $12m
Cigna Ventures led a round disclosed by the musculoskeletal recovery services provider as it rebrands from Trainer Rx.
Intel processes $2bn Habana Labs acquisition
Intel Capital has scored an exit after its parent company bought AI training technology provider Habana in a $2bn deal.
Brose ushers in corporate venturing era
Automotive parts producer Brose will open a corporate venturing office in Berlin as part of a larger investment scheme projected to be up to $2.2bn in size.
General Fusion powers up $65m series E
The Cenovus Energy-backed clean fusion technology developer has picked up funding that will support construction of a pilot facility.
Ping An Capital puts together $786m fund
The insurance group has closed its Ping An Capital subsidiary’s second consumer-focused fund, the vehicle having committed more than half its capital already.
Akkiraju splits from SoftBank
Praveen Akkiraju has left his managing partner role at Vision Fund manager SoftBank Investment Advisers after less than two years.
Corporates help place $12m in HungerBox
Cafeteria management platform developer HungerBox has raised money in a series A round that included Paytm and existing backer Neoplux.