More details about former Sequoia venture partner Yinglan Tan’s new fund have emerged after an SEC filing confirmed that it has raised $25 million for its maiden fund, and it made its first investment. Tan, who was with Sequoia’s Singapore office for five years in a role supporting operations before leaving this summer, is thought to be starting Insignia Venture Partners to focus… Read More
from TechCrunch
Zomato, the global restaurant guide and food on-demand service, has made an acquisition to shore up its delivery business on home turf after it completed a deal for Runnr. The acquisition has been rumored since May and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was previously pegged at $40 million by Indian media, but… Read More
from TechCrunch
Switzerland based SaaS startup Sophia Genetics is hoping to give IBM Watson a run for its money in the healthcare diagnostics space. It’s built a big data analytics platform that harnesses clinicians’ medical expertise to enhance genomic diagnostic via AI algorithms — leading, it says, to better and faster diagnoses for patients with diseases such as cancer. Read More
from TechCrunch
Indian budget hotel startup OYO pulled in a big $250 million round led by SoftBank’s Vision Fund last week, but now it has topped that money up with a $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. Beyond the financial commitment from NASDAQ-listed China Lodging — which was formerly known as Huazhu Hotels and is valued at $6.8… Read More
from TechCrunch
ICOs have barely touched mainstream tech companies. But that all changes this week as Kik begins selling its Kin token in an ICO targeted at raising $125 million. The sale bucks ICO trends, and it could prove to be a seminal event for the tech industry at large. Read More
from TechCrunch
Genetics testing company 23andMe has formally announced that Sequoia Capital is leading an investment round in the company. This confirms the news we broke last week. The press release says that the final amount was $250 million and that Sequoia’s Roelof Botha will be taking a board seat. Others participating in the round include new investors Euclidean Capital, Altimeter Capital and… Read More
from TechCrunch
Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers and… Read More
from TechCrunch
Singapore’s Red Dot Payment, a payment gateway startup founded by a team of ex Visa and MasterCard executives, has closed a $5.2 million Series B round to grow its business.
Existing backers GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus and MDI Ventures put into the round. New investor DORR Group also took part. The startup previously raised an… Read More
from TechCrunch
Autonomous vehicle startup Zoox is in talks with Japanese investment firm SoftBank to raise more funding. We’ve confirmed the news, which was first reported by Axios. We’re hearing the discussions are in the early stages and nothing has been finalized, but that SoftBank has been interested in Zoox for a while. The startup is also talking to other unnamed potential investors.… Read More
from TechCrunch
Well, this is quite a coup. Entrepreneur First (EF), the London headquartered company builder that invests in individuals “pre-team, pre-idea” to help create new technology startups, has raised $12.4 million in new funding led by Silicon Valley’s Greylock Partners. Read More
from TechCrunch