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Synup, cloud-based platform for marketers online, raises Series A

11 October 2017

India-based Synup, a cloud-based platform that helps marketers monitor where their brands are mentioned online, has raised Series A funding. Vertex Ventures led the Series A USD 6 million round with co-investment from existing investors, Prime Ventures. Local listings are increasingly becoming the key source of discovery for small businesses globally, with large digital platforms […]

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Grab begins partnership with Singapore Airlines

03 October 2017

The world’s most awarded airlines, Singapore Airlines (SIA) and ride-hailing and payments platform Grab, have introduced a partnership, which integrates their mobile apps to offer enhanced convenience when travelling to the airports in six countries across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. In a statement from Mr Jason Thompson, Head […]

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Yatra and Oyo ink a new deal to expand travel and hospitality in India

02 October 2017

Yatra Online, Inc, one of India’s leading online travel companies announced their partnership with OYO, India’s largest hospitality company, which brings OYO’s inventory onto Yatra’s platform. This partnership marks the expansion of Yatra’s hotel inventory to over 70,000 hotels in India, driving its rapidly growing footprint, especially in the budget hotel category. Mr. Dhruv Shringi, […]

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Instarem expands its India corridor for remittances

10 September 2017

Instarem, the Singapore-based cross-border payments company has received regulatory approval from the Reserve Bank of India (RBI) to facilitate overseas remittances from India. Instarem tackles the problems of high costs of traditional transfer fees and navigates long transfer processes, to provide fast, low cost and transparent alternatives. Upon the receipt of RBI approval, Prajit Nanu, […]

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Interview with Ace Turtle’s CEO, Nitin Chhabra

31 August 2017

Here’s an interview with Nitin Chhabra, CEO of Ace Turtle. We invested in the company, based out of Bangalore, in April 2017. Ace Turtle tackles challenges of omnichannel shopping both online and offline, through proprietary platform, especially amidst India’s retail infrastructure inefficiencies. In the interview, Nitin covers some of the nitty gritty of why his […]

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Spacemob is acquired by WeWork

07 August 2017

In November 2016, Vertex Ventures SEA/India made an investment in Spacemob for $5.5 million. This investment underlined our interest in the growing Southeast Asian ecosystem. Today, we’re pleased to announce that WeWork, the dominant coworking space platform in the United States, which may IPO this year, has acquired Spacemob for an undisclosed sum. The founder of […]

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M17 raises $40 million for expansion

02 August 2017

In 2014, our SEA/India team made a $5 million investment into Paktor. At the time, the online dating scene in Southeast Asia was still maturing. Today, it has evolved even further and with Paktor and M17 merging to become an online dating and live streaming platform, it is evident that this market still has much more […]

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Yatra acquires corporate bookings firm Air Travel Bureau

24 July 2017

Yatra, our travel bookings firm based in Bangalore just acquired Air Travel Bureau, a corporate bookings firm. The acquisition now makes Yatra the largest travel service in India. According to Dhruv Shringi, founder and CEO of Yatra, “With this acquisition, we believe that we are now the largest corporate travel services in India by gross bookings. This acquisition will […]

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Grab raises $2.5 billion from Softbank, Didi and Alibaba

23 July 2017

In early 2014, Vertex Ventures SEA/India invested in Grab for a series A round, hoping to take it to become the dominant taxi booking player in Southeast Asia. Today, we’re happy to announce that Grab has just received $2.5 billion from Softbank, Didi, and Alibaba. This investment makes Grab the largest startup in the region and positions it […]

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Instarem closes $13 million series B round

14 July 2017

Instarem, an exciting new international remittance technology platform, raised $5 million from our SEA/India fund to expand its offering across new corridors to and between Asian countries in March 2016. Today, we’re happy to announce that Instarem has closed a $13 million series B fundraising and plans to IPO in 2020. This funding continues to put […]

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