Singapore’s EDBI in talks to invest in Indian startup unicorn Mohalla Tech

[drdoof]

EDBI, the corporate venture capital arm of the Singapore Economic Development Board, is in talks to invest in Mohalla Tech Pvt. Ltd., the parent entity of the vernacular social media platform ShareChat and short video entertainment app Moj, DealStreetAsia has learnt.
"Negotiations are at an advanced stage and, if all goes well, the transaction could be closed over the next few weeks," said a source, adding that another investor from Singapore is also in the fray.
"Things have got almost finalised with the other investor. If EDBI comes in, the round will be closed," added the person.

[jim889]

EDBI, the corporate venture capital arm of the Singapore Economic Development Board, is in talks to invest in Mohalla Tech Pvt. Ltd., the parent entity of the vernacular social media platform ShareChat and short video entertainment app Moj, DealStreetAsia has learnt.
"Negotiations are at an advanced stage and, if all goes well, the transaction could be closed over the next few weeks," said a source, adding that another investor from Singapore is also in the fray.
"Things have got almost finalised with the other investor. If EDBI comes in, the round will be closed," added the person.

siao ah.. go invest there
 

[drdoof]

siao ah.. go invest there
 

Throwing free monies into a black hole

[daryl76]

61% kumgong cb approves

throwing our good money to that shit hole

[default]

I have no idea why

[jim889]

I have no idea why

too much money to spend

 

[Shiori]

good luck to our money

[jim889]

good luck to our money

gone with the wind
 

[Shiori]

gone with the wind
 

confirm de