Mumbai-Based General Atlantic, GGV Back Indonesia-based Edtech Startup Ruangguru
Mumbai and New York-based growth-focused venture capital firm, General Atlantic (GA), on Thursday (December 26), announced that it has invested over USD 150 Mn in Indonesia-based ed-tech startup Ruangguru in Series C funding round. The round also witnessed participation from GGV Capital, existing investors, and new investors.
Logistics Startup Xpressbees Is Raising USD 10 Mn From Alibaba
At a time when Alibaba has decided to take it slow for new startup investments in India, the company is still continuing to lend a hand to its existing portfolio companies. The Chinese e-commerce giant is investing USD 10 Mn in its logistics portfolio company, Xpressbees.
Sachin Bansal and Ankit Agarwal’s Navi Technologies (formerly known as BAC Acquisitions) announced an acquihire deal with Bangalore-based technology consulting firm MavenHive. A press statement from Navi said the MavenHive team will be joining Navi.
Jay-Z, Serena Williams’ Funds Invest In Sequoia-Backed Kopi Kenangan
Indonesian grab-and-go coffee chain Kopi Kenangan has secured additional investment in an extended series A round from Jay-Z’s Arrive, Serena Williams’ Serena Ventures, basketball player Caris LeVert, and Sweetgreen CEO and co-founder Jonathan Neman, among others.