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The program is now open to startups that develop services in food tech, agritech, as well as biotech and health tech.

The new investment increases GudangAda’s total funding to nearly USD 40 million.

The stakes of Chinese firms like Alibaba and Tencent in some of India’s most lucrative startups may be threatened because of new investment restrictions.

The Series D funding round was led by GeoPost alongside two sovereign wealth funds, with returning participation from B Capital Group and Monk’s Hill Ventures.

This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.

The company has served nearly 100,000 corporate clients including Pinduoduo, Dangdang, and ZiRoom.

Indonesia’s minister of communication Johnny Plate says Tokopedia needs to conduct an internal investigation to locate the cause of the breach.

The social giant is not only an investor of Pinduoduo, it is developing its own version of the popular social commerce platform.