The telecoms provider has joined Mountain Partners and Kejora Ventures to launch Ideabox Ventures, a VC firm offering pre-series A capital to startups.
Author: Nicole Idar
Infosys reaches for the stars with investment in Stellaris
India-based IT services provider Infosys has agreed to invest Rs316m ($4.6m) toward the first close of venture capital firm Stellaris Venture Partners’ first fund. The capital will be drawn from Infosys’s $500m Innovation Fund, which was launched in 2013 with an initial tranche of $100m, and is intended to support startups in sectors such as artificial intelligence,… Continue reading Infosys reaches for the stars with investment in Stellaris
Netmeds places an order for Pluss
Online pharmacy Netmeds acquired the medicine delivery app for an undisclosed sum, providing an exit for Pluss backer IDG Ventures India.
Transpod speeds to $15m seed funding
Angelo Investments will collaborate with the high-speed transportation developer to develop a commercially viable technology by 2020.
Edaixi irons out $14m series B+ round
The laundry service provider secured cash from detergent maker Libai Group just over a year after raising $100m from backers including Baidu and SIG China.
500.com bets $16m on Qufan
The online sports lottery service provider has made a strategic investment in mobile poker gaming operator Qufan to develop its games platform.
Beijing Shengtong takes RoboRobo Education for $62m
The China-based educational robot builder was sold to Beijing Shengtong, providing an exit for private education services provider New Oriental.
Ximu Credit nets $15m series A
Existing investor Fosun Kinzon Capital returned to reinvest in the personal credit rating provider as part of a round that will support research and development.
Foxconn logs into Megvii with $20m investment
China-based image detection software developer Megvii Technology has secured a $20m investment from contract manufacturing company Foxconn, China Money Network reported on Wednesday. Computer accessories manufacturer Foxteq Holdings, a subsidiary of Foxconn, made the investment, and acquired just over 2% of Megvii shares, equivalent to a stake of about 3%. Foxconn invested in Megvii as… Continue reading Foxconn logs into Megvii with $20m investment
Zola books $25m series C
The AOL-backed wedding registry platform has raised more than $40m to date after sealing a round led by Lightspeed Venture Partners at a $225m post-money valuation.
Climate Corp harvests VitalFields
The agriculture analytics business has acquired VitalFields for an undisclosed sum, giving an exit to sister unit Monsanto Growth Ventures.
Deloitte deploys Israeli innovation hub
US-based accountancy and consulting firm Deloitte has launched an innovation hub called Innovation Tech Terminal (ITT) in Tel Aviv, Israel, to help global clients connect with Israel-based startups. Israel has about 6,000 startups developing disruptive innovations in sectors such as financial services, digital health, automotive, the internet of things and sports technologies, and hosts more… Continue reading Deloitte deploys Israeli innovation hub
Astex fills prescription for Dementia Discovery Fund
The UK-based pharmaceuticals company joins an investor group that includes Biogen, GlaxoSmithKline, Johnson & Johnson, Lilly, Pfizer and Takeda.
Mandiri Capital to mobilise startups with $15m
The corporate venturing arm of state-owned lender PT Bank Mandiri aims to invest the money in between four and eight fintech startups in 2017.