Tag: Asia

Capture investment opportunities created by megatrends

India’s LEAD School raises $30 million to reach more students

An Indian startup that is helping digitize and transform affordable private schools to better serve students from middle and low-income groups of families said on Monday it has raised $30 million in a new financing round as it looks to scale its efforts in the world’s second most populous nation. GSV Ventures and WestBridge led…
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26 April 2021 0

India orders Twitter to take down tweets critical of its coronavirus handling

Twitter has taken down dozens of tweets in India, some of which were critical of New Delhi’s handling of the coronavirus, to comply with an emergency order from the Indian government at a time when South Asian nation is grappling with a globally unprecedented surge in Covid cases. New Delhi made an emergency order to…
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24 April 2021 0

India restricts American Express from adding new customers for violating data storage rules

India’s central bank has restricted American Express and Diners Club from adding new customers starting next month, it said Friday, citing violation of local data-storage rules. In a statement, the Reserve Bank of India said existing customers of either of the two card companies will not be impacted by the new order, which goes into…
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23 April 2021 0

E-commerce tracking platform AfterShip raises $66M led by Tiger Global

AfterShip launched in 2012 to help online sellers track packages across different carriers, but since then it has built a suite of data analytics tools covering almost every step of the shopping experience, from email marketing to customer retention. The Hong Kong-headquartered startup announced today it has raised a $66 million Series B led by…
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22 April 2021 0

Tiger Global backs Indian crypto startup Coinswitch Kuber at over $500M valuation

Coinswitch Kuber, a startup that allows young users in India to invest in cryptocurrencies, said on Thursday it has raised $25 million in a new financing round as it looks to expand its reach in India, the world’s second largest internet market and also the place where the future of private cryptocurrencies remains uncertain for…
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22 April 2021 0

SmartNews’ COVID-19 vaccine alert reaches 1M users in Japan a week after launching

SmartNews’ Vaccine Alert and Map features for its Japanese app SmartNews announced today that its tools to help Japanese users find nearby COVID-19 vaccine bookings have reached more than one million users just a week after launching. The news discovery unicorn decided to create Vaccine Alert and Map features for its Japanese app because many…
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22 April 2021 0

Laiye, China’s answer to UiPath, closes $50 million Series C+

Robotic process automation has become buzzy in the last few months. New York-based UiPath is on course to launch an initial public offering after gaining an astounding valuation of $35 billion in February. Over in China, homegrown RPA startup Laiye is making waves as well. Laiye, which develops software to mimic mundane workplace tasks like…
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21 April 2021 0

Qapita, a developer of equity management software for startups, raises $5M led by MassMutual

  Qapita’s co-founders. Fom left to right: Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta Qapita, a Singapore-based fintech that provides capitalization table and employee stock ownership plans (ESOP) management software, has raised $5 million in pre-Series A funding. The round was led by MassMutual Ventures, with participation from Endiya Partners and angel investors including Avaana…
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20 April 2021 0

Huawei is not a carmaker. It wants to be the Bosch of China

One after another, Chinese tech giants have announced their plans for the auto space over the last few months. Some internet companies, like search engine provider Baidu, decided to recruit help from a traditional carmaker to produce cars. Xiaomi, which makes its own smartphones but has stressed for years it’s a light-asset firm making money…
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20 April 2021 0

Singapore-based fintech STACS raises $3.6M to develop blockchain platforms for financial institutions

Singapore-based fintech Hashstacs Pte Ltd (STACS) announced today it has raised $3.6 million USD in pre-Series A funding. The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. The round was led by Wavemaker Partners, which…
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20 April 2021 0