Amazon has invested $7.4m in Qdigi, the provider of after-sale services to consumer electronic products in India.
Author: Jack Hammond
Cognism generates $10m series B
Netcetera-backed sales and marketing software provider Cognism will use the proceeds to open regional offices in the US and Asia, having already attracted business in those markets.
VW revs up Argo AI with $2.6bn
Volkswagen has joined Ford as a shareholder in Argo AI, following a $2.6bn commitment of capital and assets that values the self-driving system maker at more than $7bn.
Swiggy looks to order in $500m
Naspers is in talks to lead the $500m round, which is also expected to feature NeoPlux and will reportedly value the food delivery platform at $4bn.
Youdao works towards $300m IPO
NetEase is looking to launch a $300m IPO for Youdao, which could value the Legend Holdings-backed online education services provider at $2bn.
Philip Morris tilts CVC unit towards Southeast Asia
The tobacco company’s investment arm will extend its reach into Southeast Asia and has launched a startup competition in the region.
Matterport draws up Arraiy acquisition
Matterport is set to buy the special effects software developer for an undisclosed amount, handing exits to SoftBank and Dentsu.
Snap sounds out companies for Yellow accelerator
Messaging platform Snap has chosen 10 digital content and story-sharing platform operators to take part in its in-house accelerator program.
Igloohome locks in $15m investment
Returning investor Singtel Innov8 took part in the round together with Kickstart Ventures, allowing Igloohome to bolster its research and development budget.
Near approaches corporate-backed round
Coinbase, Ripple and Ideo took part in the $12.1m series A round, which will go towards the launch of Near’s decentralised application development platform.
TheAsianParent swaddles series C funding
JD.com took part in the Fosun-led round, which will enable the parent-focused content platform to expand its e-commerce business.
GNS galvanises corporates for $23m series D
The AI-powered drug discovery platform received commitments from Echo Health Ventures, Amgen Ventures, Alexandria Venture Investments and Celgene in the Cigna-led round.
AppLovin secures SafeDK acquisition
AppLovin has purchased the producer of a management platform for mobile software development kits, handing an exit to Samsung.
Leapstack rakes in series B funding
Leapstack Data Technology will put the money from the PPDAI Group-backed $14.5m round to partner additional insurance companies in China.