ShopsUp, a virtual shopping buddy which empowers customers to find the best local fashion and shopping spots has raised US$1 million in its seed funding round from two individual investors, one of which is the former president of Huawei.

Japanese Monstar Lab secures 250 million yen (about US$2.5 million) for the further expansion of crowdsourced app development service, Sekai Lab .

Interana, a California-based startup providing behavioral analytics solution has secured US$18 million in a funding round led by Vertex Ventures. The funding will be used to make behavioral analytics more available to digital transforming businesses.

Chinese Ubike raises US$22 million in Series A funding to get a competitive edge against Ofo and Mobike.

Startup Gfresh raises US$20 million in its Series A from Alibaba's investment arm, Riverhill Fund and Legend Holding's investment arm, Legend Capital to facilitate the import of seafood into China

Malaysia's Fruiti King secures MYR 5 million (approximately US$1.19 million) through crowdfunding platform, CrowdPlus.asia. The funds will be used to expand the business oversea.

The popular search engine for GIFs raises an additional US$72 million in funding and is now valued at US$600 million.

US-based instant messaging app, Snapchat is reportedly planning to raise a targeted amount of US$4 billion in its initial share sale.

Japanese startup, Homma secures US$4.1 million in seed funding to make the futuristic smart house vision a reality.

VR animation studios, Baobab Studios raises US$25 million in their Series B round led by Horizon Ventures, Twentieth Century Fox, Evolution Media Partners, China's Shanghai Media Group, Youku Global Media Fund and LDV Partners.