Investcorp backs HK-based condiment and sauces company Heritage Foods
The investment was concluded through the Asia Food Growth Fund I.
India: Edtech startup Nalanda Learning raises $5.4m from Aavishkaar Capital
The company plans to expand nationally through its integrated platform of digital content, curriculum, and pedagogy.
Velocity Ventures hits first close of $20m SE Asia-focused hospitality, travel fund
Velocity aims to reach its final close by the end of 2021.
India: Airblack raises $5.2m funding from Info Edge Ventures, Elevation Capital
The round also saw participation from Atelier Ventures and Better Capital.
Australia’s space tech firm Gilmour Space raises $47m Series C
The company develops low-cost launch vehicles for the small satellite market.
Sequoia’s Surge invests $55m in fifth cohort along with co-investors
A majority of 13 companies are working in domains of fintech, payments, communications, logistics and SaaS.
Indian online grocer Grofers set to raise $120m from Zomato, Tiger Global: Report
The funding is expected to value Grofers at a little over $1 billion.
China Digest: SBCVC invests in ONES; Cospowers closes new funding
Industrial software developer ONES has secured $46 million in its Series B1 and B2 rounds.