Author: Deal Street Asia Online News

Indonesian home decor platform Dekoruma snags $15m in Series C1 round

Indonesia’s home and living platform Dekoruma has raised $15 million in its Series C1 round of funding led by Nexter Ventures by SCG Cement-Building Materials and KTB Network, according to a company statement. Existing investors including GDN, OCBC NISP Ventura, and Foundamental joined the round.  Set up in 2016 as a furniture marketplace, Dekoruma’s platform… Continue reading Indonesian home decor platform Dekoruma snags $15m in Series C1 round

Baidu’s AI voice assistant Xiaodu closes funding at $5.1b valuation

Chinese tech giant Baidu Inc said on Tuesday its artificial intelligence (AI) voice assistant Xiaodu Technology has closed Series B financing at a $5.1 billion valuation. This comes in the midst of a regulatory crackdown on the tech industry by the Chinese authorities that has led to an upheaval in many sectors including as e-commerce,… Continue reading Baidu’s AI voice assistant Xiaodu closes funding at $5.1b valuation

India: Premium products discovery startup Smytten raises $6m led by Fireside

Smytten, online platform for consumer product discovery and trials, on Tuesday announced that it has raised $6 million in Series A funding led by Fireside Ventures. The round saw participation from Sharrp Ventures (Mariwala family office), Survam Partners (Suman Kant Munjal family office), and Waao Partners (Pratul Shroff family office). Existing investor Roots Ventures also… Continue reading India: Premium products discovery startup Smytten raises $6m led by Fireside

India’s ReNew Power completes SPAC merger with RMG II

ReNew Power Private Ltd on Tuesday announced the completion of its merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II (RMG II). The merger puts an enterprise value of around $8 billion and an equity value of $4.4 billion on the new entity, ReNew Energy Global Plc. SPACs are publicly traded shell… Continue reading India’s ReNew Power completes SPAC merger with RMG II

Chinese investors-backed African startup OPay raises $400m funding led by SoftBank

OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, said it has secured $400 million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2 billion. Other investors in the funding round include Sequoia Capital China, Source Code Capital, Meituan-backed fund Long-Z, Redpoint China and 3W Capital, OPay said in… Continue reading Chinese investors-backed African startup OPay raises $400m funding led by SoftBank

India: Khatabook raises $100m led by Tribe Capital, Moore Strategic Ventures

Kirana-tech startup, Khatabook, has raised $100 million as part of its Series C funding round, led by US-based venture capital firms Tribe Capital and Moore Strategic Ventures (MSV), it said on Tuesday. Other investors who participated as part of the round include Alkeon Capital and existing investors B Capital Group, Sequoia Capital, Tencent, RTP Ventures,… Continue reading India: Khatabook raises $100m led by Tribe Capital, Moore Strategic Ventures