#Asia Fave raises $20m from Sequoia and more

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Kuala Lumpur-headquartered coupons site Fave announced today that it has raised a US$20 million series B round from Sequoia India, Venturra Capital, and SIG Asia Investment, among others. The site helps retailers reach consumers through special deals, a booking management and analytics tool, and cashback programs. It also runs a mobile payments solution called FavePay. […]

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#Asia In brief: ‘Ousted’ Nuffnang CEO sues co-founder over alleged betrayal

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Via The Straits Times: “The two entrepreneurs who started Nuffnang, a social media advertising network that represents influencers such as prominent Singaporean blogger Xiaxue, are facing off in court with one accusing the other of betrayal. Singaporean Cheo Ming Shen, 35, who says he was forced out as the chief executive officer of Nuffnang’s parent company […]

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