A software company that helps law practices run more efficiently may not be the flashiest business in town, but that’s not stopping some VCs from backing them with pretty high dollars. Hence, Canada-based Clio (which provides that type of software) announced this morning it has raised a massive $250 million Series D round from TCV and JMI Equity. Clio’s platform…
Chinese internet giant Tencent Holdings, best known for its WeChat messenger app, is looking to increase its bets on Indian technology companies, at a time when its home market is seeing a slowdown in venture capital investments. Tencent, which counts some of India’s largest startups including Flipkart, Ola, Swiggy and Byju’s Classes among its portfolio firms, made four fresh investments…
This week on Startup Street, Chinese bicycle sharing startup Mobike enters India; a one-year old startup looking to capitalise on India’s underserved feminine hygiene market with its environment-friendly products; co-creator of Android may be gearing up to sell his smartphone startup. Here’s what went on: China’s Mobike Enters India App-based bicycle sharing platform Mobike has forayed into India by launching…
Digital media startup POPxo has raised Rs 37 crore in a round led by South Korean company Doosan Corporation’s investment arm, Neoplux, and Chinese mobile company Oppo, which has made its first investment in the Indian market. Existing investors, including Japanese firm GREE Ventures, IDG Ventures India, Kalaari Capital and Philippines-based Summit Media, also participated in the round. The funds…
The shareholders of Gland Pharma Ltd, including buyout firm KKR and Co., are considering selling a stake of up to 74% under the automatic approval route to China’s Fosun International after failing to secure government approval for an 86% stake sale so far, two people aware of the discussions said. The new structure is being considered as an alternative, in…
India and Russia are setting up a USD 1 billion fund to promote mutual investments in infrastructure and technology projects, Commerce and Industry Minister Nirmala Sitharaman has said. Both the countries would contribute USD 500 million to the fund, Sitharaman said while addressing India-Russia Business Forum at the ongoing International Engineering Sourcing Show (IESS) here yesterday. While the Russian funds…
Guangzhou: Alibaba Mobile Business Group firm UCWeb plans to invest Rs200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. “We will invest Rs200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs, short videos, non conventional news…