Mobile ad network Vserv grabs US$15M from Maverick Ventures, IDG

Mumbai-based mobile ad network Vserv raises US$15M in funding from Maverick Capital Ventures and IDG Ventures Funds will go towards*sales, engineering and data analytics Startup previously raised over US$3M from IDG Vserv, an India-based mobile ad network, has secured US$15 million in funding from US-based Maverick Capital Ventures, with participation from existing investor IDG Ventures....

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50 ghost factories operating in Korea: All about the unknown tech shops

There are many prototype making spaces in Korea, but not a lot of them are known to the public If you open room #550 of Seun Arcade, a whole new world appears. From 3D printers to large-size laser cutters, it sure does looks like an ex-astronaut’s office. Astronaut San Ko founded TIDE Institute, an organization...

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TrulyMadly gets US$5.7M Series A from Helion, Kae Capital

India- and Singapore-based dating app TrulyMadly secures US$5.7 million in Series A from Helion Venture Partners and Kae Capital Funding will be used to develop original content and for team expansion Startup earlier raised seed funding from top MakeMyTrip executives Online dating app TrulyMadly has secured INR 35 crore (US$5.7 million) in fresh funding from...

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Garena annouces new round led by The Ontario Teachers’ Pension Plan

Garena is a Singapore-based Internet and mobile company with a strong gaming pedigree Garena did not disclose the investment amount Investment will be used to accelerate growth Singapore based internet and mobile company, Garena has just announced that it has closed a new*round of funding. The funding amount has not been disclosed. This gives the...

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Ninja Van raises US$2.5M in Series A, led by Monk’s Hill Ventures

Ninja Logistics, an e-commerce logistics startup in Singapore, secured US$2.5 million in Series A The round was led by*Monk’s Hill Ventures,*with participation from Malaysia-based corporate Insas Berhad Funding will be used for product development and expansion into Southeast Asia Kuo-Yi Lim*of Monk’s Hill Ventures and Mei Chuen Thong of Insas Berhad will join the*board of...

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India’s Ola acquires its rival TaxiForSure for US$200M

Online cab booking service Ola (formerly Olacabs) has acquired rival TaxiForSure for US$200M in a cash and equity deal Ola and TaxiForSure will continue to operate as separate entities Arvind Singhal, TaxiForSure’s COO will lead as the new CEO with leadership team intact Aprameya Radhakrishna and Raghunandan G, the founders of TaxiForSure, will contribute in...

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DriveKool wants to bring about the same transformation as redBus in India

DriveKool wants to change the driving school industry like the way redBus revolutionised the bus industry; it has*served over 700 customers A few years ago Mahesh Gidwani, a Masters of Computer Applications graduate hailing from a remote village in Madhya Pradesh in central India, was looking for a good driving school for his wife after...

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