Launch House Raises $3M in Seed Funding
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FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!
BOCOM International, a unit of Hong Kong-listed Bank of Communications, and venture capital firm Cyberport Macro Fund (CMF). Tongcheng Life, a Chinese online community group-buying platform backed by Bertelsmann Asia Investments, has filed for bankruptcy just three years after its inception in August 2018. The startup, which secured an investment of $200 million last June, failed to stay afloat in an increasingly competitive market fuelled by heavy subsidies. All the deals announced in the region are captured in our deal monitor. Fundraising by investors continues unabated Malaysian private...
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YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, May 20, 2021.
Skyroot Aerospace raises $ 11M in Series-A funding round May 20, 2021 Funding led by Greenko founders, others Skyroot Aerospace, a startup engaged in space launch vehicles, has raised $ 11 million in Series-A funding led by Greenko Group founders, Anil Chalamalasetty and Mahesh Kolli. The investment saw participation from publicly listed Solar Group (a major Space & Defence supplier), Former-Whatsapp CBO Neeraj Arora, existing investor Mukesh Bansal (founder of Myntra & CureFit), Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments and few angel investors. Joining as Di...