VC investment falls 40% in Q1 2014 – Seasonal variation or worrying contraction?
East-West Digital News Venture investment volumes in Russia fell 42% as the number of completed deals dropped 38% in Q1 2014, says Rye, Man and Gor Securities (RMG), an independent Moscow-based investment company, in their latest quarterly report published with the...
Foodpanda Acquires Russian Competitor Delivery Club
TechCrunch June 18, 2014 Rocket Internet-incubated foodpanda has acquired Delivery Club in a move it says will make the combined companies Russia’s leading food delivery service with over 2,500 restaurants. The value of the deal was undisclosed. Delivery Club, which...
Hong Kong-Based Financial Startup WeLab Raises $14M Series A From Sequoia And TOM Group
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for...
Chinese Startup Crowdfunding Site CTQuan Raises $4 Million, Launches Overseas Investment Fund
TechCrunch June 13, 2014 CTQuan, the Chinese equity crowdfunding site for startup companies, has raised roughly $4 million in a new round of financing, TechCrunch has learned. The Beijing-based company (and CrunchBase content partner) is similar to AngelList in its...