The valuation of India’s largest e-commerce site, Flipkart, was made known to the public through Nasper’s annual report to shareholders that it had invested R848m ($100m) in August 2012 to acquire a 10% stake in Flipkart Pvt Ltd. At the time of the series D round the financial details were left undisclosed. Flipkart was… Continue reading Flipkart $1bn valuation revealed
Author: Katherine Steiner-Dicks
Kickstart, Pollenizer to shake up Philippines start-up market
Globe Telecom’s venturing unit, Kickstart ventures, has created a partnership with Australia incubator Pollenizer to back entrepreneurs in the Philippines, where many solution-based ventures have yet to be explored.
Telstra-backed Kony eyes Asia with $18.3m D round
Telstra Ventures has made a $18.3m strategic investment in US-based aoo platform company, Kony Solutions, which will boost sales and customer numbers for both companies in the Asia Pacific market. Kony funding raised to date is more than $57m.
RedBus just the ticket for Tencent, Naspers-backed Ibibo
Naspers and Tencent-backed Ibibo has acquired India-based RedBus, an online bus ticketing service, in a deal valued in the region of a reported $135m. The deal also marks an exit route for RedBus backers.
Calpian-backed My Mobile Payments looks to raise up to $100m
Calpian, a US electronic payments processing company, is set to see sales figures in its India-based investment, My Mobile Payments, grow substantially if the target company raises an anticipated series B round of between $75m and $100m, which will fuel an ambitious sales and marketing campaign.
Cipla prescribes incubator for future growth
India pharmaceutical sales company, Cipla, is setting up an incubator unit to access the latest market trends across new geographic markets.
Excite Japan fits Locondo nicely in $6.2m series B round
Japan fashion e-tailer, Locondo, has raised $6.2m in a series B round from corporate investor Excite Japan.
Hony Capital to target offshore deals with China partners
China private equity firm Hony Capital will back China-based companies looking to acquire non-domestic assets by teaming up with domestic partners. According to Hony founder, John Zhao, there are opportunities in overseas developed markets where asset prices have come down significantly making the second half of 2013 a good time to invest.
SalesForce to shake-up Japan’s accounting sector with A-SaaS
Asia-based Gree Ventures, the corporate venturing unit of mobile social media company Gree, has invested alongside strategic investor SalesForce.com, a customer relationship management (CRM) software and cloud computing company, and Japan-based venture capital investor, Mobile Internet Capital, in a seed round of funding worth YEN625m ($6.6m) in Japan-based Accounting SaaS Japan (A-SaaS). The start-up provides… Continue reading SalesForce to shake-up Japan’s accounting sector with A-SaaS
WeiPass gadget triggers IDG investment
IDG Capital Partners, the corporate venturing unit of media technology and research firm IDG, has invested a reported $4m into China-based WeiPass.
Delivery Hero comes to the rescue
Trinket Info Services, which runs Pune-based food ordering service TastyKhana.com has attracted $5m from existing backer Delivery Hero in a series A round.
IDG gets head start in China ESN with Facishare
The enterprise social networking (ESN) segment in China is expected to see dramatic growth this year, with IDG Capital making a head start with a re-investment in China-based Facishare.
Saybot says Alo to Qualcomm
Qualcomm Ventures, the corporate venturing unit of mobile and computing systems company Qualcomm, sees a fun and educational journey ahead for Chinese children wanting to learn English. A multi-million dollar investment in Alo7.com is their latest foray into the online education market.
Intel Capital has $16m retail therapy
Intel Capital, Intel Corporation’s global investment and M&A organisation, has made three investments in e-commerce firms seeking to scale up and extend their businesses in Asia, the corporate venturing unit reported from the World Economic Forum held in Myanmar. The investments, totaling approximately $16m, are: India’s Bright Lifecare, a distributor of nutrition, health and wellness… Continue reading Intel Capital has $16m retail therapy