Singapore’s Flat Monthly raises US$320,000 – Tech In Asia
Singapore-based online property rental platform Flat Monthly has raised US$320,000 in seed funding from Hong Kong’s Terra Capital, Tech In Asia reported.
Flat Monthly operates an online marketplace for landlords, agents, and tenants for condominiums and apartments.
It offers virtual reality tours of its listings, digital signing, and online rental payment services.
Terra Capital stated that investment into the startup will be used to produce immersive content.
Verizon to sell Tumblr to WordPress’s parent company – The WSJ
Verizon Communications Inc. has secured an agreement to sell its blogging site Tumblr to Automattic, owner of popular publishing tool WordPress, The WSJ reported.
Once purchased by Verizon for US$1.1 billion, Automattic will buy Tumblr for an undisclosed sum and take on about 200 of its employees.
Another report by Axios stated that Tumblr was bought for only less than US$10 million.
Chinese Q&A platform Zhihu raises US$434 million – TechCrunch
Chinese Q&A platform Zhihu has raised a US$434 million Series F funding round, TechCrunch wrote.
The funding round was led by video and live-streaming platform Beijing Kuaishou, with participation from Baidu.
Existing investors Tencent and CapitalToday also returned for the round.
Zhihu plans to use the funding to support tech and product development.
In addition to being the company’s biggest funding round since it launched in 2011, it is also one of the largest secured over the past two years by a Chinese internet culture and entertainment company, according to Zhihu’s financial advisor for the funding round, China Renaissance.
India’s Faircent raises funding led by Das Capital & Gunosy Capital – Press Release
Indian P2P lending company Faircent has raised an undisclosed funding round led by Singapore-based Das Capital and Gunosy Capital.
The funding round also saw the participation of existing investors Starharbor Asia Pte Ltd and M&S Partners Pte Ltd (Sin Growth Partner Pte Ltd).
Faircent will utilise the funding to strengthen the platform’s technology, expanding distribution, and adding unique loan offerings for its lenders.