Thailand’s Freshket Raised Funding To Develop Its Platform

Thailand’s B2B online marketplace for food businesses Freshket announced on Sunday that it has raised a six-digit US dollar first round of venture capital (VC) funding. Freshket founder and CEO Ponglada Paniangwet stated that the startup plans to use the funding to develop its platform, which was soft-launched in January. Freshket is also looking toward Vietnam and Indonesia
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Chinese internet company LeEco Landed US$2.4 Billion In Fresh Funding

Chinese internet company LeEco announced Sunday that it landed RMB16.8 billion (US$2.4 billion) in fresh funding led by China’s real estate titan Sunac China Holdings Ltd. Sunac will become the company’s second-largest shareholder after the deal. This hefty round would definitely ease the capital pressures the company has faced and to rebuild confidence in its investors
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Netflix Competitor In Asia Hooq Raised Funding From Singtel, Sony, Warner

Hooq, a Netflix competitor in Asia, raised US$25 million from its existing investors Singtel Sony Pictures, and Warner. The streaming service – majority-owned by Singapore’s top telco – first launched in India, Thailand, and the Philippines in early 2015, later also taking on Indonesia and Singapore. This round takes Hooq’s total amount of funding to US$95 million.  
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Singapore-Based Legaltech Startup Legalese Secures US$418K Funding

Singapore-based legaltech/fintech startup Legalese announced on Monday that it has raised SG$600,000 (US$418,000) of funding led by venture capital firm Walden International. The startup plans to use the funding to develop its first web app and for further research and development in computational law, a computer science-based approach to the generation, management, and execution of legal paperwork.
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Mumbai-Based Fashion E-Commerce Startup Fynd Gets Funding

Mumbai-based fashion e-commerce startup Fynd has clinched an undisclosed amount of funding from Snapdeal’s former Chief Product Officer, Anand Chandrasekaran. Rajiv Mehta, CEO of Arvind Sports Lifestyle, and Ramakant Sharma, former VP (Engineering), Myntra and Co-founder of Livspace, have also participated in the round. The latest investment will be used for marketing and enhancing Fynd’s tech infrastructure.
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TempoGO Raised Funding From K2 Capital Of Hong Kong

TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised US$825,000 in seed funding, led by K2 Capital of Hong Kong. Founded in 2015, Mumbai-based TempoGO provides IoT and Saas solutions for the transportation industry. Its integrated platform connects vehicles, people, and trips, and improves the productivity of a commercial vehicle fleet, either passenger or freight.  
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