Carmudi, a Germany-headquartered automotive e-commerce platform, has raised $10m for its Philippine arm from investors including Tengelmann Ventures, the corporate venturing arm of retailer Tengelmann, as well as Asia Pacific Internet Group, which is part of e-commerce holding group Rocket Internet, and venture capital firm Holtzbrinck Ventures, Business Mirror has reported. The same three firms provided $25m of series B funding for Carmudi in 2015, the year after the company received $10m from Tengelmann Ventures.
US-based network biomedicine…
