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Page 777

59Store graduates with $31m

The student-focused e-commerce company has secured $31m ahead of its series B round from investors including existing backer Legend Holdings.

Aug 24, 2015

RedMart bags $26.7m

Both of the online grocer's existing corporate backers, Garena and Softbank, returned for its latest round and were joined by Far East Organisation.

Aug 21, 2015

StoreDot raises $18m for electric vehicle division

The specialty materials developer, which has now secured $66m in total, has raised funds from backers including Samsung that will support an electric vehicle battery unit.

Aug 20, 2015

SIG checks into HotelGG's $20m series B

China-based HotelGG operates a conference venue booking platform and claims to process more than 12,000 orders each month.

Aug 20, 2015

JD and IDG help Shanghai Pharmaceuticals subsidiary to $174m

Shanghai Pharmaceutical Big Health Yunshang, formed in March with $100m of its parent company's cash, has raised another $174m in a round backed by JD.com and IDG Capital.

Aug 20, 2015

HyperVerge recognises $1m

Madras spinout HyperVerge has secured seed funding from a range of venture capital firms to expand into the US.

Aug 19, 2015

GrabTaxi confirms $350m series E

China-based Didi Kuaidi is the surprise investor in its Southeast Asian counterpart, which reports last week suggested was set to raise $400m.

Aug 19, 2015

Snapdeal confirms $500m round as eBay cuts stake

Alibaba, Foxconn and SoftBank co-led the round, originally reported earlier this month, while eBay partially exited the India-based e-commerce company.

Aug 18, 2015
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