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[Currently in BETA mode]
عربي

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 tech startups that fit their investment profiles

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

eleva8or also assists with cross-border market discovery and entry, with connections to soft-landing programs

More details about what we offer here

STARTUPS

INVESTORS

China’s housing unicorn Danke appoints ex-Baidu exec as new COO

On June 17, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Real Estate, Ant Financial, Baidu, China, online-to-offline, tiger global, WeWork

A few months after nabbing a handsome $500 million funding round, China’s shared housing startup Danke Apartment got a talent boost. On Monday, Danke announced the appointment of Gu Guoliang as its new chief operating officer to ramp up the company’s offline operational crew. Gu, whose nickname is Michael, stepped down from Baidu after five […]

Binance begins to restrict US users ahead of regulatory-compliant exchange launch

On June 14, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Blockchain, Cryptocurrency, Binance, Bitcoin, ceo, CoinDesk, cryptocurrencies, digital currencies, financial technology, money, Singapore, spokesperson, Uganda, United Kingdom, United States, Vertex Ventures, vpn

The world’s largest crypto exchange is going legit. Binance, which processes more than $1 billion on a daily basis and for so long has embodied crypto’s Wild West culture, announced that it will launch a U.S.-based service — but, in the meantime, it is implementing restrictions for U.S. passport holders worldwide and those based in […]

How China’s first autonomous driving unicorn Momenta hunts for data

On June 14, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Automotive, TC, Transportation, artificial intelligence, autonomous car, Cao Xudong, China, Daimler AG, electric vehicles, Emerging-Technologies, Mercedes-Benz, Microsoft Research, Mobileye, Momenta, self-driving cars, Tesla, Tsinghua University, waymo

Cao Xudong turned up on the side of the road in jeans and a black T-shirt printed with the word “Momenta,” the name of his startup. Before founding the company — which last year topped $1 billion in valuation to become China’s first autonomous driving “unicorn” — he’d already led an enviable life, but he […]

India plans to have its own space station

On June 13, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Asia, Science, Space, india, Indian Space Research Organization

India plans to have its own space station in the future and conduct separate missions to study the Sun and Venus, it said on Thursday, as the nation moves to bolster its status as a leader in space technologies and inspire the young minds to take an interest in scientific fields. India’s space agency said […]

Facebook backs social commerce startup Meesho in first India investment

On June 13, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Apps, Asia, Funding, Social, Startups, TC, Venture Capital, Facebook, meesho

As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead. The social juggernaut said today it has invested in social-commerce startup Meesho in what is the first time the firm takes equity in an Indian startup. Neither Facebook nor Meesho, which prior to […]

China opens Nasdaq-style board to lure tech firms back home

On June 13, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Funding, Policy, China, IPO, policy, Shanghai Stock Exchange

China’s much-anticipated Science and Technology Innovation board officially launched in Shanghai today, marking Beijing’s major step in drawing high-potential tech companies to list at home. The new Star Market, first announced by President Xi Jinping in November, is expected to be a key fundraising avenue for tech companies from an array of stages, given its […]

Telegram faces DDoS attack in China… again

On June 13, 2019Source: Asia – TechCrunchBy Jonathan Shieber
Categories: Asia, Hack, TC, Beijing, China, Instant Messaging, lawyer, operating systems, Pavel Durov, shenzhen, Software, Telegram

The popular encrypted messaging service Telegram is once again being hit with a distributed denial of service (DDoS) attack in Asia as protestors in Hong Kong take to the streets. For the last several days, Hong Kong has been overrun with demonstrators protesting a new law that would put the municipality more directly under the […]

India’s Zomato flies drone to deliver food in successful test

On June 12, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Apps, Asia, Food, Logistics, TC, Transportation, drones, zomato

Zomato, one of India’s largest food delivery firms, may have figured out a faster way to crawl through dense populated routes: going via air with drones. The company, which has expanded its restaurant listing and booking service to about two-dozen markets in recent years, said today it has successfully tested a payload delivery from a […]

Report: Chinese spend nearly 5 hours on entertainment apps daily

On June 12, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Entertainment, bytedance, China, e-reading, Kuaishou, live streaming, new media, online karaoke, Streaming Media, tiktok

Like the rest of the world, China is getting more glued to smartphones that can perform an endless list of tasks, from talking to workmates, shopping for groceries, all the way to getting a dose of dopamine through games. Chinese internet users now spend an average of 4.7 hours on their handsets a day just […]

Xiaomi’s budget Mi Band wearable now sports a color screen and voice assistant

On June 12, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Asia, Gadgets, Wearables, alipay, Apple, China, mi, Xiaomi

Xiaomi has refreshed its smart fitness tracker and unveiled a range of other gadgets in China, giving a glimpse at some of its affordable products that it will likely be bringing to other markets in the coming future. The wearable fitness tracker, called Mi Smart Band 4, sports a bigger AMOLED display (39.9% increase in […]

Go-Jek doubles down on India with yet another talent acquisition

On June 12, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, artificial intelligence, bangalore, Beijing, carsharing, food, go-jek, grab, india, Indonesia, online food ordering, Seattle, Softbank, SoftBank Group, Southeast Asia, transport, Uber

Go-Jek may be based in Southeast Asia, but the multi-billion-dollar ride-hailing firm continues to tap India for engineering talent. The Indonesia-headquartered firm announced today that it has acquired AirCTO, a recruitment platform based in Bangalore. The acquisition, the price of which has not been disclosed, is a talent grab. AirCTO’s platform uses a mix of […]

Alibaba’s Ant Financial and Hellobike team up on $145M e-bike battery JV

On June 12, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Transportation, alibaba, Ant Financial, China, Didi Chuxing, e-bikes, e-scooters, electric bicycle, hellobike, mobike, sharing economy

Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to pedal that last mile, China’s transportation startup Hellobike is setting up a 1 billion yuan ($145 million) joint venture with Alibaba’s financial affiliate Ant Financial and battery maker […]

India’s Jumbotail raises $12.7 million to digitize convenience stores with its wholesale marketplace

On June 12, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Asia, Funding, Logistics, Recent Funding, Startups, Venture Capital, Amazon India, Flipkart, india, Kalaari Capital, Nexus Venture Partners, Walmart

With most small grocery stores in India yet to get online, startups racing to digitize them continue to see promising backing from investors. Jumbotail, an online wholesale marketplace for grocery and food items, today said it has raised $12.7 million to scale its operations. The Series B financing round for the Bangalore-based startup was led […]

Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

On June 11, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Blockchain, Cryptocurrency, TC, afghanistan, belarus, Cambodia, Canada, China, coinbase, crimea, cuba, Democratic Republic of Congo, ethiopia, Ghana, iran, iraq, Japan, Kik, korea, Lebanon, Libya, Myanmar, operating systems, pakistan, Pavel Durov, Software, Somalia, sudan, syria, Tanzania, Telegram, tunisia, Uganda, United States, Venezuela, Zimbabwe

Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but there are a lot of catches. The messaging company, which serves as the de facto chat app for the crypto community, […]

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

On June 11, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, Airbnb, booking holdings, Booking.com, ceo, China, Companies, Europe, india, oyo, oyo rooms, Rocket Internet, sharing economy, Singapore, Softbank, SoftBank Group, Southeast Asia, traveloka, unicorn, United States, vacation rental, world wide web, Yanolja

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind […]

Luxembourg to get €100M investment from Chinese payments startup Pingpong

On June 10, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Finance, Funding, alibaba, Amazon, China, Europe, european union, Hangzhou, Luxembourg, newegg, online marketplaces, online payments, pingpong

For financial services firms looking to enter Europe, Luxembourg has historically been a popular anchoring point because of its political and economic stability, as well as a favorable regulatory environment. Another bucketload of capital is coming to the country after Chinese fintech startup Pingpong announced it will invest more than €100 million ($113 million) in […]

India’s largest video streaming service, owned by Disney, breaks Safari compatibility to fix security flaw

On June 8, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Apps, Asia, Media, Sports, 20th Century Fox, Amazon, Amazon Prime Video, Disney, Hotstar, india, Netflix, safari

Hotstar, India’s largest video streaming service with more than 300 million users, disabled support for Apple’s Safari web browser on Friday to mitigate a security flaw that allowed unauthorized usage of its platform, two sources familiar with the matter told TechCrunch. The incident comes at a time when the streaming service — operated by Star […]

Amazon, reeling from recent regulatory hurdles, pumps $404M into its India business

On June 6, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Asia, eCommerce, Funding, Amazon, Barclays, BigBasket, cloud services, Dunzo, e-commerce, Flipkart, Grofers, india, Mukesh Ambani, reliance jio, Swiggy, Walmart

Following months-long intense regulatory setback in India, Amazon is moving back to spending big bucks to grow its business in the world’s second largest internet market. Amazon has infused Rs 2,999 crores ($404 million) in its India business, according to a regulatory filing published this week. Amazon periodically deploys cash to its business in India, […]

India orders Uber and rival Ola to electrify 40% of fleets by 2026

On June 6, 2019Source: Asia – TechCrunchBy Manish Singh
Categories: Asia, Government, Transportation, China, hyundai, india, Kia, narendra modi, New Delhi, Ola, Softbank, Uber

India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric cars. The government plans to order ride-hailing firms such as Uber and Ola, which operate hundreds of thousands of cars in the nation, to convert 40% of their fleets to electric by April 2026, Reuters […]

Line teams up with Visa to boost its mobile payment service

On June 6, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Finance, credit cards, e-commerce, economy, finance, india, Indonesia, Japan, japanese government, mastercard, money, monzo, olympics, online payments, Paytm, taiwan, Thailand, tokyo, TransferWise, Uber, visa

Messaging app Line has partnered with Visa to bring traditional financial clout to its mobile payment service. The deal will see Line Pay become compatible with Visa’s 54 million merchant partner locations worldwide, boosting the service outside of its native Japan, where it has been pitched heaviest so far and where Line claims 80 million […]