Asia: Notable funding captured by the Internet-based services and technological startups last week.
Investors mostly from USA are more and more careful, preferring established
models copied from West that suit very well with the local realities.
This practice that ignores the R&D and innovation, keeps Asia, more
depending from West in terms of technologies and leadership.
Tuniu (China), a Travel and tourism booking service has raised $500
million funding round led by JD, followed by Hony Capital, DCM Ventures, Ctrip,
Temasek Holdings, and Sequoia Capital.
DJI (China), a Consumer drone manufacturer has raised $75 million
funding round from Accel Partners.
Aiwujiujiu (China), a Rental and second-hand home listing portal has
raised $120 million series D round from GGV Capital, MorningSide Ventures,
Shunwei Capital, and Banyan Capital.
Vedantu (India), a live online tutoring tool has raised $5 million
series A round from Accel Partners and Tiger Global.
Toppr (India), an Edutech firm for engineering and medical entrance
exams ahs raised $10 million series B round led by SAIF Partners, Helion
Ventures, and Fidelity Growth Partners.
Delhivery (India), an Ecommerce fulfillment startup has raised $85
million series D round led by Tiger Global.
iChef (Taiwan) , an iPad-enabled point-of-sales service for
restaurants has raised US$1.5 million investment from Lin Ming-Hsiung, chairman
of Pxmart.
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