Mizuho commits $20M for tech fund in China

Mizuho Securities, a subsidiary of Japan’s second-largest lender Mizuho Financial Group, will establish a technology investment fund in China in partnership with two local venture capital firms, according to a report by the Nikkei. Mizuho Securities is said to have made an initial $20-million commitment to the fund, which will be managed by Cybernaut Investment Group and New Frontier Capital Management (Hong
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travel activities App

Alibaba and Line invest in Travel activities startup KKday

Taiwan’s KKday, a startup in the increasingly competitive travel activities space, has pulled in an undisclosed funding round that adds two strategic investors to its business: Chinese e-commerce firm Alibaba and Japanese chat app company Line. KKday was founded in 2015 to help people who travel overseas find and book activities, ranging from tours to tourist attractions, transportation, museums and more. The company said it
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Tink Labs is raising $300M

Tink Labs, a Hong Kong startup that develops smartphones that hotels provide to their guests for free, is raising a new round of up to $300 million to further its international footprint. The startup is in the final stages of completing the deal that could give its six-year-old business a post-money valuation of at least $1.5 billion. It isn’t clear at this
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MassMutual Ventures launches US$50M Southeast Asia focused fund

Boston-based venture capital fund MassMutual Ventures today announced the establishment of its US$50 million Southeast Asia-focused fund MassMutual Ventures Southeast Asia (SEA).
“We made the decision just about a year ago to evaluate expanding into SEA and establishing a dedicated fund here. The primary rationale is just the tremendous opportunity that we see in the last several years, of entrepreneurs forming businesses and
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Aavishkaar to close South Asia focused $300M fund by 2019 end

India’s biggest homegrown impact investor by size of investments, Aavishkaar Group, plans to raise $300 million for its South Asia-focused fund early next year to invest across financial services, agriculture, energy and health, said a senior executive. The fund will be used for investments in Vietnam, Indonesia, Myanmar and Laos among others. “We are avoiding India and China, and looking more
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Huawei invests $23M to support incubating hub in Thailand and India

Huawei had announced the opening of its OpenLab in India with the focus on supporting Indian government rolls out its Smart Cities program and an overall digitization in the country using Huawei’s ICT capabilities. As reported by TechObserver.in, Huawei’s new center will function as an incubating hub for Huawei’s India and global market. A total of US$23 million is going
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Russian Direct Investment Fund to receive $500 million in capital commitments from the Public Investment Fund

CEO of the Russian Direct Investment Fund, Kirill Dmitriev, told Al Arabiya on the sidelines of the Future Investment Initiative that the conference will provide plenty of investment initiatives. Dmitriev said Russian-Saudi ties witnessed positive transformation after Saudi Prince Mohammed bin Salman visited Russia three years ago and met with Russian President Vladimir Putin during the St. Petersburg International Economic Forum
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Cambodia’s Meal Temple raises 6-figure funding

Cambodia-based startup Meal Temple Group, which operates food delivery platform MealTemple.com and grocery delivery platform GroceryDelivery.asia., has raised an undisclosed six-figure round private European and Australian investors. The company was established 5 years ago, at the nascent stage of the Cambodian startup ecosystem. The company plans to use the newly-raised funding to grow its local operations and extend its logistics services
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From left to right: Samad Miraly, Sanchayan Chakraborty, Minhaz Anwar, Jayesh Parekh, Naima Chowdhury, Tina Jabeen, Akkie Okma, H.E. Harry Verweij, Kazi M. Aminul Islam, Sajid Rahman, Maliha Quadir, Tanveer Ali and Nazmul Karim

Bangladesh Angels Announces Launch, Opening a New Era in Start-up Investing in Bangladesh

Bangladesh Angels, a trailblazing investment network in the country, was inaugurated at Radisson Blu Dhaka Water Garden on 4th October, 2018.  The event was graced by the presence of venture capitalists, financiers, entrepreneurs and other stakeholders from both Bangladesh and abroad.  H.E. Harry Verweij, the Ambassador-Designate of Kingdom of the Netherlands, and Mr. Kazi M. Aminul Islam, Executive Director, Bangladesh
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