Singapore and India-based, emerging market-focused fintech startup Telr has raised $3 millionin a fresh round of equity financing, which has been led by the Innovations East fund. The three-year-old B2B startup will use the proceeds from the Series-B round of funding to further expand its presence, with a particular focus on Indonesia, Saudi Arabia and Egypt.
Mumbai-based luxury homes developer Isprava Vesta Pvt Ltd has raised Rs 11 crore in a bridge round of funding from a clutch of high-net-worth individuals. The investors included Godrej Industries Ltd managing director Nadir Godrej and Piramal Group executive director Anand Piramal.
A well-known Silicon Valley venture capital firm is taking an unusual approach to technology investing by giving millions of dollars to other investors, rather than to startups themselves. Bain Capital Ventures plans to invest $2 million to $5 million annually, spread across five to 10 angel investors.
Dubai-based venture capital fund Cocoon Ventures Pvt Ltd has backed a fresh produce startup in its first known investment in India.