Two Chinese online education startups raised new financing in this red-hot sector.
Codemao
,
which provides coding tools and courses for students to learn programming, has pulled in $35 million from
CMB International
as lead investor. Previous
investors include
Hillhouse Capital
and
SAIF
.
The second edtech startup,
Huohua,
a mathematical learning platform for kids, got funding of $30 million from an investment unit of video-sharing app
Kuaishou.
ChosenMed, a cancer detection firm based in Beijing, has raised $14 million in funding from
state
-
owned
Shanghai Lianhe Investment.
Heya Huayi Investment
, a healthcare fund backed by the Chongqing government, also came in as a new investor.
Facebook is spending
$5.7 billion for a 9.99 percent stake in
Jio Platforms
, the tech subsidiary of
India's Reliance
Industries. The
investment
—the single largest in
Facebook's
history—is a giant bet on
India's
online growth.
Insuretech startup
Axinan
closes a Series A + round led by corporate VC arm
InVent
, bringing venture funds for the Singapore startup -- renamed
Igloo
-- to $16 million.
Indian business travel startup
Itilite
has snagged a
Series B round of $13 million led by
Greenoaks Capital
and
Vy Capital
, with participation from
Matrix Partners India
.
Craft beer brand
Bira 91
,
has stirred up $20 million in bridge financing from
Sequoia Capital India and
Sofina.
Bijak, a B2B platform in India for agricultural commodities, has raised $20 million in a round led by
RTP Global with existing investors
Omidyar Network India and
Sequoia Capital India.
Angel investor group
OurCrowd
has led a $12 million funding of Israeli startup
MigVax
Corp
., which is developing a COVID-19 vaccine.
