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[Currently in BETA mode]

eleva8or introducer engine helps Startups and Investors come together efficiently

For Startups, eleva8or helps them to prepare for due-diligence to attract capital from savvy investors around the globe

For Investors, eleva8or helps to provide exposure to new and emerging Startups that fit their investment profiles

eleva8or is not crowdfunding, typically one or two Investors participate in deals

STARTUPS

INVESTORS

Microsoft and Xiaomi to collaborate on AI, cloud computing and hardware

On February 23, 2018Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Artificial Intelligence, Asia, Mobile, TC, computing, technology, Home Automation, Xiaomi, Windows Phone, Windows 10, smartphones, Cortana, Microsoft, artificial intelligence, microsoft windows

 After Microsoft signed a deal to test Windows 10 on Xiaomi devices in 2015 and then Xiaomi bought a trove of patents to help run other Microsoft services on its devices in 2016, today the two companies announced another chapter in its collaboration. Xiaomi and Microsoft have signed a Strategic Framework Memorandum of Understanding (MoU) to work more closely in the areas of cloud computing,… Read More

Google adopts a new approach to bring its AR service to China

On February 23, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Apps, Asia, Augmented Reality, Google, China, ARCore, Tencent

 Google has adopted a novel way to circumvent China’s internet censorship system, which continues to block its services, after it partnered directly with three OEMs to bring its augmented reality service to the country. ARCore, the company’s augmented reality SDK for Android, launched in full today following its announcement in November. Google says there are 100 million devices… Read More

Momo buys Tantan, China’s Tinder, for over $600M as Chinese social networks consolidate

On February 23, 2018Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Apps, Asia, Fundings & Exits, M&A, Social, TC, tantan, momo, dating, social networking, China

 WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $6 billion, announced that it has… Read More

Is Uber selling its Southeast Asia business to Grab?

On February 23, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Collaborative Consumption, TC, Transportation, Uber, grab, Southeast Asia, go-jek, ride hailing

 If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such an arrangement in 2016, and it made a similar exit from Russia last year. Read More

Travel activities platform KKday raises $10.5M led by Japanese travel firm H.I.S.

On February 22, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Transportation, H.i.s., travel, kkday, mindworks

 KKday, a startup from Taiwan that operates a platform that helps travelers find local activities, has raised $10.5 million. The funding round was led by Japanese travel operator H.I.S. with participation from existing backer MindWorks Ventures, the Hong Kong-based VC. KKday is one of a number of services that cater to Asia’s burgeoning regional tourism market. The idea is to allow… Read More

Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia

On February 22, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Collaborative Consumption, Uber, grab, Southeast Asia

 Uber CEO Dara Khosrowshahi has distanced the company from reports that it might exit Southeast Asia and India. Currently in India on his maiden visit to Asia as Uber boss, Khosrowshahi told an audience that the company plans to continue to invest in Southeast Asia, where Uber has slipped behind Grab and Indonesia-based Go-Jek. “We expect to lose money in Southeast Asia and expect to… Read More

Gartner reports first ever global decline in smartphone sales

On February 22, 2018Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Mobile, TC, smartphone, gartner, smartphone sales, smartphone market, Apple, Android, huawei, Samsung, Xiaomi

 Global smartphone sales have not been firing on all cylinders for several years now but Gartner’s latest figures record the first ever decline since the analyst began tracking the market all the way back in 2004. Read More

India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

On February 22, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Fundings & Exits, TC, capillary technologies, india, SaaS, Sequoia, warburg pincus

 Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works… Read More

Skelter Labs raises $9M to help put Korea on the global AI map

On February 21, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Artificial Intelligence, Asia, Fundings & Exits, TC, Skelter Labs, Kakao, lotte homeshopping

 China and the U.S. are the two countries most closely associated with artificial intelligence technology, but a startup in Korea is out to add its nation to the mix after it raised more than $9 million from some big-name investors. Skelter Labs, founded in 2015 by the former head of tech at Google Korea, announced today that it has raised KRW 10 billion ($9.3 million). Read More

SoftBank’s $100B Vision Fund could get more capital from the Middle East

On February 21, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, TC, Softbank, Vision Fund, Mumtalakat

 SoftBank’s Vision Fund looks set to bring on more capital from the Middle East as it bids to reach its $100 billion fundraise target. The fund has already deployed around one-third of the $93 billion it raised in its first close, according to statements released earlier this month, and now it is on the hunt for more LPs. Read More

Google’s Tez payments app now lets users handle their utility bills and more

On February 19, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Apps, Asia, Payments, TC, Google, tez, google tez

 Google’s Tez payment service in India has gotten a major update that allows users to pay their utilities and other bills via the app. The service was launched last September for iOS and Android and it initially allowed for payments between bank accounts using India’s UPI (Unified Payments Interface) protocol. Now the app has gotten support to pay bills from more than 80… Read More

South Korea aims for startup gold

On February 18, 2018Source: Asia – TechCrunchBy Joanna Glasner
Categories: Asia, Column, Startups, TC, CrunchBase, south korea

 Back in 2011, when South Korea won its longshot bid to host the 2018 Winter Olympics, the country wasn’t widely recognized as a destination for ski and snow lovers. It wasn’t considered much of a tech startup hub either. Fast forward seven years and a lot has changed. Read More

India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

On February 16, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, Collaborative Consumption, Fundings & Exits, TC, zoomcar, india, Ford, mahindra & mahindra

 India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still open and may be extended… Read More

Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

On February 15, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Apps, Asia, Fundings & Exits, Gaming, TC, Kakao, kakao games, Tencent

 Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors. The company, which owns Korea’s top mobile messaging app and one of the country’s largest internet portals, operates a sprawl of businesses that… Read More

Sony now has a Koov robotics learning kit for US classrooms

On February 14, 2018Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Education, Robotics, TC, Sony, koov, learn to code, STEM, Steam, robotics

 The Koov Educator Kid is up for pre-order today, with an estimated shipping date of March 25. Read More

HTC’s smartphone chief and ex-CFO, Chialin Chang, resigns

On February 14, 2018Source: Asia – TechCrunchBy Natasha Lomas
Categories: Artificial Intelligence, Asia, Mobile, Personnel, TC, Virtual Reality, smartphones, HTC, Chialin Chang

 HTC’s smartphone and connected devices president and former CFO, Chialin Chang, has resigned. The move, spotted earlier by Engadget, was announced today and is effective immediately. Read More

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

On February 14, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Logistics, JD.com, JD logistics

 JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China… Read More

Vynn Capital plans maiden $40M startup fund for Southeast Asia

On February 13, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Vynn Capital, Victor Chua, Southeast Asia

 Southeast Asia has a new venture capital fund on the scene after Victor Chua, formerly a vice president at Gobi Ventures, launched Vynn Capital. The Kuala Lumpur-headquartered venture is founded by Chua and Singaporean Darren Chua, previously with IE Singapore, and it is targeting a $40 million total close. Chua declined to say how far advanced the project is, but we did a little digging… Read More

Foxconn is working with RED to make cheaper and smaller 8K cameras

On February 13, 2018Source: Asia – TechCrunchBy Devin Coldewey
Categories: Asia, Gadgets, Hardware, TC, Foxconn, red, 8k, digital cinema, cameras, Photography

 Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry Gou told reporters in Taipei, the Nikkei’s among them, that the goal is to reduce both the price and the size of such camera systems by two thirds. Read More

New project outfits Indonesia’s street vendors with free Wi-Fi and smart tech

On February 12, 2018Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, eCommerce, Fundings & Exits, East Ventures, warung-pintar

 Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the streets of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — helps street vendors revamp their store with a bright and colorful design, and a range of tech that includes a digital POS, free Wi-Fi, an LCD screen, power bank chargers and more. The venture was… Read More