Category: VCs

Facebook, Microsoft to mobilise $50 M for renewable energy microgrids in India, Indonesia

APAC: Facebook and Microsoft have joined with investment firm Allotrope Partners to launch a finance facility to catalyze investments in renewable energy microgrids.

SproutX closes AU$10M AgTech venture capital fund for startups in it’s accelerator

Australia: The SproutX Venture Capital Fund, to be managed by Artesian Venture Partners, will invest in agtech startups accepted into SproutX’s accelerator programs over the next four years.

Singapore’s Defence agency to co-invest with Canadian startup incubator – TandemLaunch

Singapore: Cap Vista Private Limited (Cap Vista), the strategic investment arm of the Defence Science and Technology Agency of Singapore (DSTA) entered into an investment partnership with a Canadian accelerator, TandemLaunch.

EDBI, Philips to co-invest in high-potential digital health startups

Singapore: Government investment vehicle EDBI and Dutch consumer technology giant Royal Philips said they will accelerate their joint investment alliance and co-invest in high-potential digital health companies.

CMC Corporation launches $2.2m early-stage startup investment fund

Vietnam: CMC Corporation, one of the major technology companies based in Vietnam, on February 26 launched a VND50 billion ($2.2 million) startup fund – the CMC Innovation Fund (CIF).

Bennet, Coleman & Co. invests ~$1.5M in India’s Airmed Path Labs

India: Airmed Path Labs, a home-service health-test platform, has raised about Rs 10 crore from Bennet Coleman and Co. Ltd.’s (BCCL) investment arm Brand Capital to help fund its expansion and strengthen its brand.

Mahindra Group launches car workshop aggregator, Carworkz

India: The Mahindra Group on Thursday launched Carworkz, a car workshop aggregator. During beta-testing phase, the startup had signed up 1,000 workshops and 5,000 registered users.

$1.5bn fintech fund launched by Chinese state-owned firms

China: Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.5 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.

Lodha Group launches fund(~S$10M) for real estate tech ventures

India: Real estate developer Lodha Group has launched its maiden investment fund for startups focussing on smart city solutions and the overall realty sector.

Infosys invests in Indian drone startup ideaForge

India: Infosys – India’s largest IT company, said it invested an undisclosed amount in Indian drone startup ideaForge, as the IT company looks to tap its solutions for industrial uses.

Infosys Innovation Fund Invests $4.6 Mn In Stellaris Venture Partners

India: IT services company Infosys has announced to invest $4.6 Mn (INR 31.6 Cr) in Bengaluru based early-stage venture capital firm Stellaris Venture Partners. This investment is towards the first close of Stellaris’ fund and is in the form of Limited Partner (LP) interest, being routed through its Innovation Fund.

Infosys invests Rs 14.5 crore in Danish artificial intelligence start-up

India :Infosys Ltd has invested 14.92 millon Danish krone (Rs 14.5 crore) from its “innovation fund” in UNSILO, a Danish artificial intelligence start-up focused on advanced text analysis.