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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

Luno raises $9M to bring its bitcoin wallet, exchange and services to Europe

On September 19, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, TC, cryptocurrencies, Bitcoin, blockchains, currency, Naspers, Balderton Capital

 Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which… Read More

China’s JD.com announces $500M e-commerce and fintech joint ventures in Thailand

On September 18, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Southeast Asia, JD.com, Thailand, central group

 Roll up, roll up… there’s another e-commerce mega deal in Southeast Asia courtesy of a Chinese investor. Following on from Alibaba’s $1 billion deal with Lazada and a $1.1 billion round in Tokopedia led by Alibaba, rival Chinese e-commerce firm JD.com has announced a $500 million investment that will create e-commerce and fintech businesses in Thailand. Southeast Asia, a… Read More

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

On September 18, 2017Source: Asia – TechCrunchBy Catherine Shu
Categories: Asia, Fundings & Exits, Startups, TC, SoftBank Group, Softbank Vision Fund, ZhongAn, alibaba, Tencent, Pingan, China, insurance

 SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the… Read More

Google debuts Tez, a mobile payments app for India that uses Audio QR to transfer money

On September 18, 2017Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Asia, eCommerce, Mobile, TC, Google, mobile payments, payments, tez, ultrasonic, qr codes

 After several weeks of speculation and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched Tez, a free mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers with a new twist:… Read More

China’s three largest bitcoin exchanges will all stop offering local trading

On September 16, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, TC, cryptocurrencies, Bitcoin, currency, BTC China

 Well, that didn’t take long. Yesterday, China’s longest running bitcoin exchange, BTC China, announced it will suspend its local trading service at the end of this month, and today the country’s two other major exchanges — Huobi and OKCoin — followed suit to say they will cease at the end of October. The writing was on the wall when The Wall Street Journal… Read More

Tencent tried to buy Spotify earlier this year

On September 15, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Media, Tencent, Spotify, smule, soundcloud

 Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet giant valued at $380 billion. Tencent is said to have approached Spotify with a view to acquiring the company to… Read More

Didi adds Apple Pay support across core mobility services

On September 15, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Apps, Asia, Payments, TC, Transportation, transport, didi, Apple Pay, Didi Chuxing, Uber, Apple, Didi Luxe, Didi Select, ride hailing

 China’s ride-hailing giant Didi is this week adding support for Apple Pay to its core personal mobility services — including Didi Premier, Didi Express, Didi Luxe and ofo, a partner station-less bike-rental service also powered by an app.  Read More

The first of China’s top bitcoin exchanges has announced it will suspend trading

On September 14, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, TC, Bitcoin, crypto, cryptocoin, China, BTC China

 A number of China’s top bitcoin exchanges are preparing to suspend their services following instructions from the government. BTC China, one of the country’s top three, became the first to officially make the move after it announced today that will stop all trading for China-based customers from September 30. The company — China’s oldest running exchange — said… Read More

Google is reportedly releasing a localized mobile payment service in India

On September 14, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Payments, Google, emerging markets, india, payments

 Google is increasing its focus on India with plans to introduce a localized digital payment service as soon as next week, according to a report from India-based news site The Ken. The publication claims Google ‘Tez’ — meaning fast in India — will offer a comprehensive set of payment options beyond existing products like Google Wallet or Android Pay. Tez, for one thing,… Read More

Infostellar raises $7.3M for its ‘Airbnb for satellite antenna’ rental services

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Space, business, Infostellar, Satellites

 Going beyond the bounds of our planet is the future. That explains why Infostellar, a platform that enables antenna sharing to enable better communication for satellites and spacecrafts, exists — and also why it has raised $7.3 million to build out its business. Infostellar, in the most basic terms, is Airbnb for satellite antennas. Read More

ZenBook maker Asus launches $50M venture fund to bring Silicon Valley startups into Asia

On September 13, 2017Source: Asia – TechCrunchBy Catherine Shu
Categories: Asia, TC, Venture Capital, asus, taiwan, Fenox Venture Capital

 Asus, the Taiwanese hardware firm known for its ZenBooks, ZenFones and Zenbo the cute, humanoid robot, is stepping into the VC game with the launch of a $50 million venture capital fund. Managed in partnership with Fenox Venture Capital, it will focus on strategic investments with startups that want to enter Asian markets. Read More

Ex-Sequoia Asia partner Yinglan Tan closes $25M fund and makes first investment

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, Sequoia, Southeast Asia

 More details about former Sequoia venture partner Yinglan Tan’s new fund have emerged after an SEC filing confirmed that it has raised $25 million for its maiden fund, and it made its first investment. Tan, who was with Sequoia’s Singapore office for five years before leaving this summer, is thought to be starting Insignia Venture Partners to focus on Southeast Asia’s… Read More

North Korea’s hackers are reportedly targeting bitcoin exchanges

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, computing, Bitcoin, cryptocurrencies, cyberattacks, hacker, North Korea

 North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams. That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least five attacks on bitcoin exchanges, or individual bitcoin… Read More

India’s Zomato completes long-rumored acquisition of logistics startup Runnr

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, zomato, runnr, india

 Zomato, the global restaurant guide and food on-demand service, has made an acquisition to shore up its delivery business on home turf after it completed a deal for Runnr. The acquisition has been rumored since May and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was previously pegged at $40 million by Indian media, but… Read More

India’s OYO snags $10M strategic investment from hotel giant China Lodging

On September 13, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, SoftBank Group, vodafone, Japan, economy, oyo

 Indian budget hotel startup OYO pulled in a big $250 million round led by SoftBank’s Vision Fund last week, but now it has topped that money up with a $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. Beyond the financial commitment from NASDAQ-listed China Lodging — which was formerly known as Huazhu Hotels and is valued at $6.8… Read More

Samsung touts 650k Note 8 pre-sales; 2.5x faster than Note 7 pre-orders

On September 12, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Mobile, TC, smartphones, phablets, mobile technology, samsung galaxy, Samsung Electronics, Samsung Galaxy Note 7, Samsung, samsung galaxy note 8, iPhone X, premium smartphones, Apple

 Another tidbit pertaining to Samsung’s incoming Note 8, with the company hoping its premium phablet brand can rise phoenix like from the ashes of the Note 7 flaming battery debacle.   Read More

Ahead of iPhone X day, Samsung teases 2018 foldable phone launch plan

On September 12, 2017Source: Asia – TechCrunchBy Natasha Lomas
Categories: Asia, Mobile, TC, Apple, Samsung, iPhone, harman, smartphone, flexible display, foldable smartphone

 As Apple prepares to unbox its new iPhones, Samsung has teased that it’s aiming to launch a smartphone with a foldable screen next year… Read More

Zilingo raises $18M for its fashion e-commerce service in Southeast Asia

On September 12, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, sequoia capital, california, craftsvilla, Southeast Asia, ankiti bose, zilingo

 Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers… Read More

Singapore’s Red Dot Payment closes $5.2M Series B round

On September 12, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Fundings & Exits, e-commerce, finance, money, Merchant Services, credit cards, mastercard, payment gateway, red dot payment

 Singapore’s Red Dot Payment, a payment gateway startup founded by a team of ex Visa and MasterCard executives, has closed a $5.2 million Series B round to grow its business. Existing backers GMO Venture Partners from Japan, Wavemaker Partners, Skype co-founder Toivo Annus and MDI Ventures put into the round. New investor DORR Group also took part. The startup previously raised an… Read More

Xiaomi takes aim at Apple with a Macbook Pro rival priced from $858

On September 11, 2017Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, computing, Steve Jobs, Home Automation, Xiaomi, macbook pro, macbook, macintosh, smartphones, Laptop, apple inc

 Xiaomi is shooting a number of arrows at Apple today. Smartphones aside, it just launched an affordable take on the Macbook Air that ships with Windows. The first Xiaomi laptop was a shot at the Macbook Air when it was unveiled in the summer of 2016, and the company is back with its take on Apple’s more expensive computer. The Mi Notebook Pro — because all comparisons start with… Read More