Ride hailing company Didi Kuaidi has invested an undisclosed amount in China-based online food ordering service Ele.me, China Money Network reported today, citing local media reports. Ele.me had raised a total of about $1.1bn in funding as of August this year, and its existing investors include retail group Hualian, internet company Tencent, e-commerce firm JD.com and online local listings platform Dianping.
Unmanned aerial vehicle producer DJI has paid an undisclosed sum for a minority stake in Sweden-based high-grade camera provider Hasselblad Group as part of a strategic partnership agreement. A representative of DJI will join Hasselblad’s board of directors in conjunction with the partnership, which will involve the companies exchanging technical knowledge.
Panjo, the US-based operator of an online marketplace for automotive and sporting product traders, secured $4.6m yesterday in a series A round led by venture capital firm Spark Capital that also included Bertelsmann Digital Media Investments (BDMI), a subsidiary of media group Bertelsmann, media company The New York Times Company, e-commerce holding company Beenos, Lerer Ventures, Mucker Capital and Mesa. It has now raised $6.7m altogether, including $1.6m in a 2013 seed round featuring BDMI, Lerer and Mesa.
Fitness chain Talwalkars Better Value Fitness has agreed to pay an undisclosed amount for a 19% stake in India-based online fitness and health discovery platform GymTrekker, the Economic Times has reported. Gymtrekker expects to secure access to additional markets through the investment.
E-commerce services provider Transcosmos has provided an undisclosed amount of series B funding to Singapore-based e-commerce fulfilment company Anchanto and now owns a 34% stake in the startup, Tech in Asia reported on Tuesday. It previously raised an undisclosed sum in a series A round featuring Innosight Ventures, Cub Capital, Scott Anthony and Akshay Mehra.
UK-based cybersecurity software startup Panaseer secured $2.25m in seed funding on Thursday from consultancy firm Elixirr, Albion Ventures, Notion Capital, Winton Technology Ventures and C5 Holdings. Panaseer applies advanced data science techniques to cybersecurity, and is looking to grow its New York client base.
US-based alternative health insurance agency LevelFunded Health raised an undisclosed amount of series A funding on Tuesday in a round led by UK-based insurance group Hiscox that included Insure.VC and CCCC Growth Fund, the latter an existing investor in the company. Ben Walter, CEO of Hiscox US, will join LevelFunded’s board in conjunction with the round.
E-commerce and classified listings service Info Edge has invested $1m in India-based beauty and wellness services marketplace BigStylist.com, YourStory has reported. BigStylist offers an online service through which customers can access experienced stylists and beauticians, and has begun talks with prospective investors for a series A round as it prepares to expand from Mumbai and Pune to three other cities by March 2016.
Authess, the US-based developer of an assessment platform for problem solving skills, closed a $675,000 seed round featuring India-based education services provider Manipal Global Education and several US investors on Wednesday. The company intends to focus on product development and serving early customers.
Splice Machine, a US-based developer of relational database management technology, has been accepted to financial services firm Wells Fargo’s Startup Accelerator program. Wells Fargo is also investing an undisclosed sum in Splice Machine, which had previously raised $22m across two rounds from Mohr Davidow, InterWest Partners and Correlation Ventures.
AppVirality, an India-based startup that supplies apps with specialised development tools, has raised $500,000 from investors including Rajan Anandan, Google India’s managing director, Tech in Asia has reported. The startup, a graduate of Microsoft Ventures’ Indian accelerator, secured $465,000 in January this year from angel investors including Anandan.
Corporate-backed VC fund High-Tech Gruenderfonds provided an undisclosed amount of seed funding for Germany-based online classic car parts and accessories marketplace Bjooli on Wednesday alongside several undisclosed business angels. Bjooli will use the funding to optimise its platform for buyers and sellers and strengthen the team.
Mobingi, the Japan-based creator of an automated app maintenance platform for cloud service users, has received $125,000 from 500 Startups and has entered the accelerator’s October batch, The Bridge has reported. It previously raised about $20,000 in seed funding from internet company Digital Garage in January this year.