Wednesday, April 24

Tag: synup

Temasek’s Vertex Closes $210 Mn Fund For Southeast Asia, India
9Oct By reutersNo Comments
BUSINESS

Temasek’s Vertex Closes $210 Mn Fund For Southeast Asia, India

Vertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in southeast Asia and India across enterprise technology, financial technology and consumer internet, it said in a statement. Vertex was an early investor in ride-hailing firm Grab. In July, Grab announced a $2.5 billion fundraising round, which a source said values it at $6 billion. ALSO READ Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft       Indian Government Makes Changes in GST, Relief to SMEs and Exporters   Ve...
Read More
Tech Startup Synup Bags $6 Mn Series A Funding
25Sep By RishabhNo Comments
FUNDING

Tech Startup Synup Bags $6 Mn Series A Funding

Bangalore-based startup Synup that provides Saas solutions for marketing of local businesses, has raised $6 million in Series A funding led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners. Launched back in 2014, Synup was founded by 23-year-old Ashwin Ramesh along with industry veterans Mohan Gopalakrishnan and Karthik Krishnamoorthy.The startup caters to merchants currently in the US, but has plans to start operations in Western Europe and the UK as well. With the funding in hand, it will focus on strengthening its tech platform to cater to a larger chunk of merchants and expand to newer geographies. "We have 50,000 merchants signed up on our platform using our services presently. We have to increase it to 5 lakh over the...
Read More