A round up of all the latest news on www.globalgovernmentventuring.com for our subscribers.

News 

The venture capital state: the Silicon Valley model in east Asia

Robyn Klingler-Vidra analyses how Asian economies such as Singapore and Taiwan have sought inspiration from the most well-known VC ecosystem.


Funds

TAU Ventures accepts Xcelerator mission

Just a month after being launched itself, TAU Ventures has joined forces with the Israel Security Authority to establish an accelerator program dubbed Xcelerator.

Deals

Big Deal: Corporates cash in as Walmart buys $16bn stake in Flipkart

Walmart invested in the GIC-backed e-commerce platform at a $20.8bn valuation, allowing SoftBank, Naspers and eBay to achieve billion-dollar returns.

Carousell revolves around to $85m series C

Existing backer Rakuten Ventures and Singapore’s EDBI co-led a series C round for the used goods e-commerce platform, bringing its total funding to $127m.

M17 makes for public markets with $115m IPO

Investors in M17, the owner of properties such as Paktor and 17 Media, include Vertex Ventures, MCN, Yahoo Japan and LeSports.

Resson reaps $14m in series C round

Mahindra & Mahindra, McCain, Monsanto and BDC Capital have all signed up for agriculture analytics software provider Resson’s latest round, taking its total funding to $28m.

Alibaba beats path to Daraz acquisition

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the UK’s CDC Group.

OncoSynergy makes series A headway

The UCSF oncological therapeutics spinout will move from California to Connecticut following a leading investment from state-owned Connecticut Innovations.