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HealthQuad closes second fund, raises $162 million, led by global pharma giant MSD

Healthcare capital fund HealthQuadhas announced the final close of its second fund, HealthQuad Fund-II, with a total subscription of $162 million (Rs 1,215 crore), more than 2.2X greater than its target size at launch. MSD, the global biopharmaceutical company, led commitments from global financial investors, strategic institutions in pharma and healthcare, development financial institutions (DFI), […]

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Corporate expense management startup Volopay raises $29M in Series A round

Volopay, a Singapore-based corporate cards provider and expense management startup, raised $29 million in Series A round as a mix of equity and debt. The funding round saw participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, and Accial Capital, along with fintech veterans such as Jeffrey Cruttenden, CEO of Acorns; Sweta Rau, Founder of […]

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Property operations software provider Facilio raises $35M led by Dragoneer Investment

Chennai-based property operation platform Facilio has announced raising $35 million as part of its Series B round of funding led by Dragoneer Investment Groupwith participation from Brookfield Growth. Returning investors Accel India and Tiger Global Management also participated in the round. With the current round,  the total amount of equity capital raised by the company […]

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RedRoute wants answering customer service calls to be as easy as using ‘Alexa’

RedRoute, a voice-based customer service experiences and conversational artificial intelligence startup, is going after an emerging $350 billion customer service automation sector. When Brian Schiff, Sam Krut and Jacob Cooper founded the company in 2015, they were still undergraduates at Cornell University and it was initially an Uber-like social transportation app to help people find […]

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Xendit, an Indonesian fintech, has raised $150 million in new investment headed by Tiger Global

In Southeast Asia’s increasing roster of unicorns, there’s a newcomer. Xendit, a Jakarta-based company that specialises in digital payment infrastructure but also offers other financial services, said today that it has secured $150 million in Series C investment, bringing its total valuation to $1 billion. Tiger Global Management led the investment, with Accel, Amasia, and […]

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Spot AI emerges from the shadows with $22 million for a platform that extracts more insight from basic surveillance cameras

For better or worse, security cameras are an integral component of how many organisations monitor places in the workplace for security or operational reasons. Now, a firm has emerged from the shadows with money for technology that would make the footage captured by those cameras more valuable. Spot AI has developed a software platform that […]

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VC Lab has released free fund creation paperwork to enable investing in startups more affordable and simple

Some startups may have enough of money these days. However, many businesses will tell you differently. VC Lab, a venture capital accelerator, aims to develop investors who will support the rest of the globe. The regular documentation required to set up a new fund is a basic roadblock to this objective. Currently, it necessitates the […]

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Yanolja, a SoftBank-backed travel IT firm, has acquired Interpark, a Korean e-commerce company

Yanolja, a South Korean travel tech firm, has paid $250 million for a 70% interest in Interpark, a listed South Korean e-commerce pioneer. The company plans to use the purchase to increase its position in the worldwide tourism market. Interpark caters to Korean, English, Chinese, and Japanese-speaking consumers, offering online trip booking services and international […]

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Surer, a Singapore-based insurtech firm, has raised a seed round to help fund product development

Due to the time-consuming workflow and processes that insurance brokers and insurance firms confront, there is a mismatch between demand and supply for general insurance. Surer, a Singaporean insurtech firm that uses a cloud-based platform to streamline workflow and procedures, enables insurance intermediaries to obtain faster access to insurance quotes and insurers to market their […]

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