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Ziploan grabs $12.5 million Series B from SAIF Partners

Ziploan, Indian online lending platform, is reported to have raised $12.5 million in Series B round led by Venture Capital and Private Equity firm SAIF Partners. Other participants in the funding round include Matrix Partners India, WaterBridge Ventures and Whiteboard Capital. Ziploan plans to use the funds into expanding business operations and service offerings in Delhi NCR, Mumbai, Indore, Lucknow
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Bangladesh Stock prices go up after starting the week with a drop

Finishing the day at 5735.92, DSEX, the benchmark of the Dhaka Stock Exchange, soured 19% equaling 11.39 points. On the other hand, Turnover rate fell nearly 31% to BDT 611.76 crore. United Power Generation, Bangladesh Submarine Cables, Grameenphone, Square Pharmaceuticals and Fortune Shoes were few of the dominating names in the Turnover Chart. 124 stocks increased and 165 declined with 56
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GoCardless snags $75 million Series E

Gocardless, a London based fintech startup, has just injected $75 million capital in Series E funding round to expand its operations across EMEA, APAC and North America. Founded in 2011, the 300-person company led by Hiroki Takeuchi has operations in France, Australia and Germany through which it claims to process transactions for 40000 businesses around the world. In 2018, the
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Health-Insurance

Alan raises another $45 million

Alan, a Paris based startup, has recently raised 40 million euros in Series B round led by Index Ventures with the help of DST Global. Alan, a Saas Service, is particularly working in health insurance market in France with plan of expanding to whole Europe. It is the first health insurance company to get the official health insurance license in
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BIGO to invest $100 million in India

BIGO Technology, a Singapore based internet company, is planning to expand its operations to India as well as investing around $100 million in India. It currently has its existence in Southeast Asia with live streaming platform BIGO live and video editing and sharing platform LIKE. With its footstep in India, BIGO will have 20 regional offices and 4 regional centres by
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Chinese Biotech Firm Burning Rock Snags $125.5 million

Burning Rock, a Chinese biotech firm, has raised 850 million Yuan (over $125.5 million) in Series C round led by Singapore's sovereign wealth fund GIC. Other investors include LYFE Capital, CMB International Capital, Lilly Asia Ventures (LAV), Sequoia Capital China and T&Brothers Capital. Burning Rock's 3 core businesses include cancer patient companion diagnostics, early cancer detection, and cancer genome big data ecosystem. Earlier in
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Top Ten News from Last Week

Country Delight raises $10 million Indian dairy startup Country Delight has raised over $10 million in a Series B round led by Matrix Partners. Read More: https://www.dealstreetasia.com/stories/indian-dairy-startup-country-delight-raises-10m-from-matrix-orios-venture-partners-120512/ Musiio Grabs $1 million Seed Fund Singapore based music startup Musiio has raised over $1 million to build a AI based playlist in seed funding round led by Wavemaker Partners, U.S. investor Exponential Creativity Ventures and other angels. Its last
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From the Creators of TIGER CAGE

Tiger Cage, by Startup Dhaka, is Bangladesh’s first ever entrepreneurship based video series. This reality show finds and presents potential tech startups on stage to investors who can provide funding. Four startups were selected to present for the pilot season. There were four investors in the pilot season – Samad Miraly, Mustafizur R Khan, Fayaz Taher and Nazim
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Soocas grabs $30 million Series C

Soocas, an oral care startup, has snagged $30 million (200 million Yuan) in Series C funding that was led by Vision Knight Capital. Kinzon Capital, Cathay Capital, Greenwoods Investment and Yunmu Capital also joined the round. The funding will be used for marketing efforts and product development. Founded in 2015, Soocas is one of the portfolio startups of Xiaomi, a Chinese phonemaker.
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TRIVE and Justco launch incubator programme

Co-working space operator JustCo and Singapore based venture capital TRIVE Ventures have launched a 9-month incubation programme, TRIVE Labs that aims early stage startups. It is structured for startups or entrepreneurs who have achieved Startup SG Founders Grant or grabbed external funding of at least $20000. Startups must have a sustainability plan for geographical expansion and defensible tech slant. The Startups
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Top Ten News from Last Week

VIISA and Fintech Club Launch Fintech Lab Fintech Lab, a joint effort by VIISA and Fintech, is an Accelerator program that aims to aid fintech sector with expert mentorship, business ideas; and connection with investors. It will also provide seed funding to startups working in the fintech industry. Read More: https://www.dealstreetasia.com/stories/vietnam-digest-cyberagent-swof-invest-in-kyna-viisa-fintech-clubs-accelerator-119325 Sendle Snags $14.4 million in Series B funding Sendle, a Sydney based
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