DEALS
Chinese spacetech startup Landscape has landed $175 million from top-notch investors in China, including Sequoia Capital, Matrix Partners. The round surpasses the $173 million in a competitive startup, iSpace. The battle for leadership of China's private space launch market is heating up.
Hillhouse Capital has led a $14.6 million, Series C investment in China's WeMed, a robotics assisted system that is used for minimally invasive surgery.
Tiger Global has poured $100 million into India's food delivery startup Zomato. Backed by Sequoia Capital and Jack Ma's Ant Group, Zomato is planning to file for an IPO in 2021.
Google-backed edtech startup Cuemath is in talks with Falcon Edge's India focused fund to raise $40-$45 million in a fresh round.
YCombinator has led a $30 million financing of Groww, an investment app in India for millennials.
FUNDS
Venture capitalist Neil Shen’s Sequoia Capital China is setting up a hedge fund business to leverage its record of choosing winners in Chinese technology.
Owl Ventures has closed two funds totaling $585 million to make early, growth and later stage investments in world-leading education technology companies.
Asha Jadeja, an influential Silicon Valley-based VC, is pledging $1M in seed funding for startups in the Indian Institute of Technology Start-ups accelerator program.
DNX Ventures launches $315 million fund for US and Japanese B2B startups.
COMMENTARY
The coming tech cold war with China.
Three and a half years into its first term, the administration of US President Donald Trump has finally assembled a comprehensive strategy for technological competition with China. Beijing is already countering Washington's policy.
NOTEWORTHY
With tensions high. Trump's ambassador to China, Terry Brandstad is stepping down in early October. Timing?
