January 14, 2019 Flipkart co-founder Sachin Bansal has invested $21 million in India’s largest cab-hailing platform Ola (ANI Technologies Pvt Ltd), marking his first investment following his ouster from Flipkart, which resulted in him selling his stake in the online retailer for nearly $1 billion. Part of a bigger round, Bansal is expected to infuse… Continue reading Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more
Author: Deal Street Asia Online News
India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
January 10, 2019 Ola has regained its number two ranking in the pecking order of India’s most valuable startups, after securing $74 million in fresh funding from existing investor Steadview Capital in its latest funding round, which valued India’s leading cab-hailing service at roughly $5.7 billion. Ola, which has been in talks to raise at… Continue reading India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview
China Digest: 360 Enterprise closes $132m Series B; LiDAR maker Benewake raises funds
January 9, 2019 China’s internet security firm 360 Enterprise Security Group has completed a $131.2-million Series B round while LiDAR-maker Benewake also announced its Series B2 financing. 360 Enterprise closes $132m Series B 360 Enterprise Security Group, a Chinese B2B internet security software provider, has closed a Series B financing round worth 900 million yuan… Continue reading China Digest: 360 Enterprise closes $132m Series B; LiDAR maker Benewake raises funds
China: SenseTime backs WeRide; Starquest leads funding for Miaoshou Doctor
January 9, 2019 Autonomous driving startup WeRide has announced fresh investments from artificial intelligence (AI) unicorn SenseTime and a subsidiary of the Agricultural Bank of China, while Starquest Capital has led a 500 million-yuan ($72.77 million) Series C+ round of financing for Miaoshou Doctor. SenseTime invests in WeRide Level 4 autonomous driving startup WeRide (formerly known… Continue reading China: SenseTime backs WeRide; Starquest leads funding for Miaoshou Doctor
Chinese EV startup Byton seeks to raise $500m to fund growth
January 8, 2019 Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly three-year-old company at more than $4 billion, two people familiar with the matter told Reuters. The latest round of fundraising comes as China’s government promotes new energy vehicles (NEVs), a category comprising battery-powered… Continue reading Chinese EV startup Byton seeks to raise $500m to fund growth
India: Cloud kitchen InnerChef raises $6.5m in pre-Series B funding round
January 8, 2019 Shared cloud kitchen platform InnerChef India Pvt. Ltd has raised $6.5 million in a pre-Series B round led by Taizo Son’s Mistletoe Inc. and Das Capital, the company said. Existing investors who participated in the round include Mohan Das Pai’s Saha Fund, and M&A Partners. The funds will be used for brand… Continue reading India: Cloud kitchen InnerChef raises $6.5m in pre-Series B funding round
Grab’s Series H round tops $3b with latest investment from Tokyo Century
January 7, 2019 Japanese financial services company Tokyo Century on Monday announced an undisclosed investment in Singapore-headquartered Grab, pushing the total capital commitments received in the latter’s ongoing Series H round to above $3 billion. According to an official statement, Tokyo Century has made a capital investment in Grab’s car rental arm, Grab Rentals, in addition… Continue reading Grab’s Series H round tops $3b with latest investment from Tokyo Century
China Digest: Qualcomm Ventures backs Baicells; CDH leads Series A+ Round in iSpace
January 4, 2019 Qualcomm Ventures has led a Series B+ round in Chinese 5G solutions provider Baicells while CDH Investments has lead a Series A+ Round in iSpace. Qualcomm Ventures leads series B+ round in Baicells Qualcomm Ventures, the investment arm of US chip-maker Qualcomm Inc, has led a RMB100 million ($14.55 million) Series B+… Continue reading China Digest: Qualcomm Ventures backs Baicells; CDH leads Series A+ Round in iSpace
Sequoia China co-leads $32m Series A round in Australian LiDAR developer Baraja
January 4, 2019 Sequoia Capital China has co-led a Series A investment of $32 million in Baraja Pty, an Australian LiDAR technology developer for autonomous vehicle applications, according to an announcement. Other investors including CSIRO Innovation Fund, managed by Main Sequence Ventures, and Blackbird Ventures also participated in the round. Steven Ji, Partner, Sequoia China,… Continue reading Sequoia China co-leads $32m Series A round in Australian LiDAR developer Baraja
India’s CarDekho raises $110m funding from Sequoia, Hillhouse, others
January 3, 2019 Online auto classifieds portal CarDekho on Thursday announced that it has raised $110 million in a Series C funding round from Sequoia India, Hillhouse, CapitalG (formerly known as Google Capital), and Axis Bank. This funding is in addition to the $75 million raised in previous rounds, it said in a statement. The… Continue reading India’s CarDekho raises $110m funding from Sequoia, Hillhouse, others