San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Asia/Pacific
Emerging market private equity investors still drawn to China- FT
China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.
Report gives reasons why emerging market economies are in turmoil this week
This week, emerging market economies were battered. A report written on Bloomberg View by its editors gives the reasons why this has happened and what can be done about it.
Founders of Indian SMS-based offline search engine seek $500K in seed funding for Jelly rival
The co-founders of Bangalore, India-based offline search engine Innoz are seeking $500,000 in seed funding to build a rival app for Jelly which will target the US market.
Indian e-learning firm iProf secures $9M in Series B funding
Noida, India-based e-learning company secured $9 million (INR55 crore) in a Series B funding round led by global education research firm Hobsons for future acquisitions and network expansion.
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Smile Mom, the app that allows moms to share baby photos and family updates with moms living nearby, has raised $1.5 million in seed funds from angel and institutional investors, TechCrunch reported.
India-based IT training school Koenig Solutions has offered a four-day program to teach students everything there is to know about the digital currency Bitcoin, ZDNet reported.
InterWest Partners led the Series C funding round for content marketing platform NewsCred which raised $25 million. NewsCred's existing backers also participated in the round.
Mercom Capital Group data revealed that venture capital funding for firms in the wind energy industry increased 44.4% to 455 million around the world last year, the Business Started reported.
Startupbootcamp, the pan-European accelerator, has launched in Istanbul, as investors continue to show interest in Turkey. The accelerator has already began accepting applications for its program.
Venture capital group Nexus Venture Partners will pour INR30 crore into Pune, India-based cybersecurity company Uniken to fund its expansion into Israel and the US.
Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.
Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.
While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.
