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Indian budget hotel chain Oyo may have lost a significant portion of its business to the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, valuing the Indian startup at about $9 billion, according to people with knowledge of the matter. The proposed […]
Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms, are ready for their next phase of participation in the country’s startup ecosystem. The group — Girish Mathrubootham of Freshworks, Manav Garg of Eka Corporation, Shubham […]
An online marketplace for automobiles has become the latest Indian startup to attain the coveted unicorn status. Gurgaon-headquartered Droom said on Wednesday it is raising up to $200 million in what it described as a pre-IPO growth funding round. The new investment, part of which has been secured, valued the seven-year-old startup at $1.2 billion, […]
Edtech investors are increasingly going global, but regulatory crackdowns in China, which instructed K-12 tutoring startups to go nonprofit, have led to a chill among check-writers in the country.
Tencent’s WeChat suspends new user registration in China to comply with ‘relevant laws and regulations’On July 27, 2021Source: Asia – TechCrunchBy Manish Singh
Tencent’s WeChat said on Tuesday it is temporarily suspending registration of new users in China as it works to comply with “relevant laws and regulations,” the latest Chinese firm to face regulatory scrutiny in the world’s largest internet market. In a social media post, Tencent said it is “upgrading” its security technology to align with […]
Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, less than three months after it secured $502 million at a valuation of $2.1 billion. Temasek and Moore Strategic Ventures led the new tranche of investment while Mirae-Naver Asia Growth fund participated in […]
Nium’s new round adds fuel to a fire shared by a number of companies all going after a global B2B payments market valued at $120 trillion annually.
MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing round as the Mumbai-headquartered firm looks to scale its business across the South Asian market. The startup had raised $23.5 million in […]
The bottled beverage industry wasn’t what Genki Forest’s founder, Binsen Tang, initially set out to tackle. The company aims to reach $1.2 billion this year.
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this […]
When it comes to control, the Chinese government doesn't mind wiping out a few dozen billion dollars in market cap here and there. That's not a great system.
Shares in Zomato, a Gurgaon-based food delivery company and first of India’s consumer tech startups to go public, closed up 65% in its debut day of trading in Mumbai, delivering a key insight into the appetite investors have for the world’s second largest internet market’s burgeoning startup ecosystem. Zomato’s shares traded all day above the […]
India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea. T Rabi Sankar, the deputy governor of Reserve Bank of India, said at a conference today that the central bank is […]
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of startups that is digitizing the freight and logistics across India, has just attained unicorn status after securing new funds. Tribe Capital, IFC Emerging Asia Fund and VEF led the $67 million Series E financing round […]
Byju’s said on Wednesday it has acquired California-headquartered reading platform Epic for $500 million, the latest in a series of moves from India’s most valuable startup as it deepens its footprint in the U.S. market. The deal involves both cash and stock, and Epic founders Kevin Donahue and Suren Markosian will continue to run the […]
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. A tectonic shift is underway in how Beijing regulates and accesses the troves of citizen data collected by its tech giants. More details of China’s new […]
It took SoftBank several years, but the Japanese investment giant is now ready to bet on India’s food delivery market. Swiggy said on Tuesday it has closed a $1.25 billion financing round led by SoftBank Vision Fund 2 and Prosus. The new financing round, a Series J, includes the $800 million investment the Bangalore-based startup […]
The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second-largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity and […]
Blackstone is acquiring a majority stake in Bangalore and San Francisco-headquartered edtech startup Simplilearn for $250 million. Simplilearn operates an eponymous online bootcamp to help people learn data science, AI, machine learning, cloud computing and other skills that are in demand in the market. The startup has partnerships with several universities and colleges, including IIT […]
[Currently in BETA mode]
eleva8or introducer engine helps Startups and Investors come together efficiently
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