Author: Deal Street Asia Online News

Deals digest: Startups Little Birdie, mx51, AnyClip nab funding

Australian startups Little Birdie and fintech firm mx51 as well as New York and Tel Aviv-based visual technology platform AnyClip have announced raising funds. Australian e-commerce startup Little Birdie nets $23m from CBA Australian online shopping startup Little Birdie on Tuesday announced that it has secured a A$30 million ($23 million) pre-launch investment from Commonwealth… Continue reading Deals digest: Startups Little Birdie, mx51, AnyClip nab funding

Indian microblogging platform Koo raises $30m led by Tiger Global

Homegrown alternative to Twitter, Koo, on Wednesday said it has raised $30 million in Series B funding led by New York-based investment firm Tiger Global. Existing investors including Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator also participated in the round. IIFL’s venture capital fund and South Korea’s Mirae Assets are other new investors… Continue reading Indian microblogging platform Koo raises $30m led by Tiger Global

China’s Xiaomi says US has formally lifted securities ban

China’s Xiaomi Corp said on Wednesday a U.S. court has removed the company’s designation as a Communist Chinese Military Company (CCMC) and lifted all restrictions on U.S. persons buying or holding its stock. “The U.S. District Court for the District of Columbia issued a final order vacating the U.S. Department of Defense’s designation of the company as… Continue reading China’s Xiaomi says US has formally lifted securities ban

WhatsApp said to sue Indian government over new media rules

WhatsApp has filed a legal complaint in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook unit to break privacy protections, sources said. The lawsuit, described to Reuters by people familiar with it, asks the Delhi High Court to declare that one… Continue reading WhatsApp said to sue Indian government over new media rules

India: Patni family office, Baring Private Equity to back PG Electroplast

Baring Private Equity India AIF, Ananta Capital and the Patni family office are participating through preferential allotment of Equity Shares of ₹40.30 crores and CCDs of ₹36.30 crores in the company. Funds will be used to expand its plant situated in Pune which produces air-conditioners and coolers and establish a new plant in Greater Noida which will… Continue reading India: Patni family office, Baring Private Equity to back PG Electroplast

China’s Inner Mongolia escalates campaign against cryptocurrency mining

China’s northern region of Inner Mongolia escalated a campaign against cryptocurrency mining on Tuesday, publishing draft rules to root out the business, days after Beijing vowed to crack down on bitcoin mining and trading. The Inner Mongolia Development and Reform Commission said in the proposed rules that telecommunications companies and internet firms which are engaged… Continue reading China’s Inner Mongolia escalates campaign against cryptocurrency mining

SG’s Temasek invests in US farming firm Bowery Farming, Sweden’s Sinch

Singapore state investor Temasek has participated in the funding rounds of US vertical farming company Bowery Farming and Swedish customer engagement giant Sinch, according to separate announcements. Temasek joined SoftBank in the $1.1-billion funding in Sinch, a trusted software provider to mobile operators, whose platform powers business-critical communications for many of the world’s largest companies.… Continue reading SG’s Temasek invests in US farming firm Bowery Farming, Sweden’s Sinch

Temasek backs digital health startup Noom’s $540m funding round

Digital health platform Noom said on Tuesday it had raised $540 million in a funding round led by buyout firm Silver Lake. The company did not disclose the valuation at which the funds were raised. But Bloomberg News reported on Monday that the latest funding round valued Noom at $3.7 billion. The round included new… Continue reading Temasek backs digital health startup Noom’s $540m funding round