Trucking logistics start-up Fortigo Network Logistics Pvt Ltd has raised about $10 million in Series A funding from existing investors Accel Partners and Infosys co-founder Nandan Nilekani. Bengaluru-based Fortigo had raised about $2 million in seed funding from both Nilekani and Accel at the time of its launch.
Thailand’s fifth largest financial group Krungsri has launched a $30-million venture capital fund to invest in financial tech startups in 2017-19. It is considering the best options for both direct investment in Thai potential startups and investment in fintech startup funds in Thailand and overseas with a $30-million capital budget.
Newly founded California-based venture capital firm Parkpine Capital is set to launch its debut $50-Million seed fund and seal at least three deals by September. It is looking at investing in technology startups from Southeast Asia.
Enterprise mobile software startup Innovapptive has raised fresh funding from Hyderabad Angels. The startup intends to use the funds raised to scale its sales and marketing teams, accelerate product innovation and expand customer acquisition.
Mumbai-based digital lending platform SMEcorner has raised a bridge round of funding from a Dutch government fund.