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.

Source: INC42



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.

Source: INC42



Sachin Bansal’s Navi Technologies Aquihires MavenHive

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.

Source: INC42



Aye Finance Raises INR 107 Cr To Expand Lending Portfolio

Gurugram-based financial services startup Aye Finance, on Thursday (December 26), announced that it has raised INR 107 Cr debt funding from Switzerland-based impact investor, BlueOrchard.

Source: INC42


Food and Beverages

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.




Mobile App Analytics Firm Adjust To Invest In Southeast Asia After USD 227 Mn Round

Berlin-based software-as-a-service firm Adjust is expanding into Southeast Asia, with a focus on Singapore, Indonesia, and Vietnam, following a USD 227 Mn funding round that it announced in June.