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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

Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

On April 19, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Accelerator, Asia, Funding, Fundings & Exits, bangladesh, business, e-commerce, economy, education startup, entrepreneurship, Facebook, india, Indonesia, meesho, Private Equity, San Francisco, Sequoia, shailendra singh, Singapore, social media influencers, Southeast Asia, Startup company, vietnam, Y Combinator

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split […]

Industrial robotics giant Fanuc is using AI to make automation even more automated

On April 18, 2019Source: Asia – TechCrunchBy Catherine Shu
Categories: Artificial Intelligence, Asia, artificial intelligence, bin-picking, fanuc, industrial automation, Industrial Robotics, manufacturing, robotics, TC Sessions: Robotics + AI

Industrial automation is already streamlining the manufacturing process, but first those machines must be painstakingly trained by skilled engineers. Industrial robotics giant Fanuc wants to make robots easier to train, therefore making automation more accessible to a wider range of industries, including pharmaceuticals. The company announced a new artificial intelligence-based tool at TechCrunch’s Robotics + […]

Amazon China to close local marketplace and place more focus on cross-border

On April 18, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, eCommerce, africa, alibaba, alibaba group, Amazon, China, Companies, e-commerce, e-reader, india, Japan, jumia, Kindle, Lazada, Lazada Group, netease, online marketplaces, Seattle, shenzhen, supply chain

Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based e-commerce company announced it will shut down its marketplace on Amazon.cn, which connects mainland Chinese buyers and sellers, while other units of its local venture will stay intact. “We are working closely with our […]

Starbucks challenger Luckin’s fundraising spree continues with $150M investment

On April 18, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Food, Funding, alibaba, alibaba group, BlackRock, China, drinks, food and drink, GIC, iResearch, luckin, Luckin Coffee, New York, Singapore, starbucks

Coffee startup Luckin is continuing its fundraising spree as it sets its sights on becoming an alternative to Starbucks in China. The year-and-a-half-old company announced on Thursday that it closed a Series B-plus raise totaling $150 million. The fresh proceeds valued Luckin at $2.9 billion post-money, up from $2.2 billion just four months ago. While […]

Terry Gou will resign as Foxconn’s chairman to run for president of Taiwan

On April 17, 2019Source: Asia – TechCrunchBy Catherine Shu
Categories: Asia, Government, TC, China, Foxconn, Politics, taiwan, Terry Gou

Foxconn chairman Terry Gou officially announced on Wednesday that he will run for president of Taiwan. Gou will step down from leading the company (also known as Hon Hai Precision Industry Co. Ltd.), one of Apple’s most important manufacturers, in order to campaign for the nomination of the Kuomintang, the pro-China opposition party. Taiwan’s economy […]

Proof of Capital is a new $50M blockchain fund that’s backed by HTC

On April 17, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Blockchain, Cryptocurrency, Funding, Fundings & Exits, Venture Capital, 500, blockchain, cryptocurrencies, economy, Edith Yeung, Exodus, finance, Greylock Partners, Horizons Ventures, HTC, latin america, money, Proof of Capital, ripple labs, steve chen, taiwan

It’s often said that the dramatic fall of crypto prices last year ushered in a new era for technology-focused startups in the blockchain space, and the same argument can be made for the venture capitalists who fund them. Proof of Capital is the latest fund to emerge after it officially announced a maiden $50 million […]

Dutch chipmaker NXP makes China push by backing radar company Hawkeye

On April 17, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Automotive, Transportation, alibaba, autonomous driving, China, Nanjing, NXP Semiconductors, Qualcomm, self driving vehicles, semiconductor

Dutch chipmaker NXP Semiconductors has come a long way since Qualcomm’s outsized $44 billion offer to acquire it fell through last year. In an announcement released on Tuesday, NXP said it has agreed to back and partner with Hawkeye Technology, a Chinese company specializing in automotive radars, as part of an ambition to capture the […]

Aptiv takes its self-driving car ambitions (and tech) to China

On April 17, 2019Source: Asia – TechCrunchBy Kirsten Korosec
Categories: Asia, Automotive, Transportation, Aptiv, Automation, automotive industry, boston, China, Delphi, Emerging-Technologies, Karl Iagnemma, Las Vegas, Lyft, manufacturing, NuTonomy, pittsburgh, robotics, self-driving cars, shanghai, Singapore, transport, United States

Aptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las […]

Student sues JD.com’s billionaire CEO Richard Liu for alleged rape

On April 17, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Lawsuit, China, Companies, JD.com, Minnesota, Richard Liu, University of Minnesota, Weibo

Four months after local prosecutors decided not to press charges, a Chinese student has filed a lawsuit against JD.com founder and chief executive Richard Liu, alleging the billionaire businessman raped her in Minnesota back in August. The lawsuit, which was filed in Hennepin County on Tuesday, is seeking damages of more than $50,000. It identifies […]

Alibaba will let you find restaurants and order food with voice in a car

On April 16, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Automotive, Transportation, alibaba, alibaba group, alipay, Android, AutoNavi, Baidu, Beijing, China, Emerging-Technologies, in-car apps, online marketplaces, operating system, operating systems, order food, shanghai, taobao, Tencent

Competition in the Chinese internet has for years been about who controls your mobile apps. These days, giants are increasingly turning to offline scenarios, including what’s going on behind the dashboard in your car. On Tuesday, Alibaba announced at the annual Shanghai Auto Show that it’s developing apps for connected cars that will let drivers […]

TikTok downloads ordered to be blocked on iOS and Android in India over porn and other illegal content

On April 16, 2019Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Apps, Asia, Policy, Privacy, Social, bytedance, children, india, pornography, tiktok

TikTok, the user-generated video-sharing app from Chinese publisher ByteDance that has been a global runaway success, has stumbled hard in one of the world’s biggest mobile markets, India, over illicit content in its app. Today, the country’s main digital communications regulator, the Ministry of Electronics and Information Technology, ordered both Apple and Google to remove […]

JD founder cautions logistics business must tighten belt

On April 16, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Logistics, alibaba, alibaba group, Amazon, Cainiao, China, Companies, courier, e-commerce, JD.com, logistics, mail, Richard Liu, shenzhen

Alibaba’s arch-foe JD.com has long prided itself on owning and controlling its logistics services: couriers are treated as in-house staff and paid a basic income. But that will end soon as costs keep piling up for the e-commerce giant. In an internal letter sent to the staff on Monday, JD founder and chief executive Richard […]

China’s startup ecosystem is hitting back at demanding working hours

On April 13, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, TC, alibaba, Beijing, China, China Growth Capital, Douban, GitHub, huawei, jack ma, Japan, JD.com, law, shanghai, shenzhen, Shopify, Tencent, WeWork

In China, the laws limit work to 44 hours a week and require overtime pay for anything above that. But many aren’t following the rules, and a rare online movement puts a spotlight on extended work hours in China’s booming tech sector. People from all corners of society have rallied in support for improvements to […]

Backer of Musical.ly, Grindr and Opera to invest $50M in self-driving startup Pony.ai

On April 12, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Artificial Intelligence, Asia, Automotive, Recent Funding, Startups, autonomous vehicles, Baidu, Beijing, bytedance, China, grindr, Inke, kunlun, leader, musical.ly, netease, pony, Pony.ai, shanghai, Tencent, tiktok, web browser

A games publisher in China is following the path of its larger peer Tencent to back a wide spectrum of startups for financial gains. Beijing Kunlun Wanwei, or Kunlun, announced in a filing this week that it plans to inject $50 million into autonomous driving startup Pony.ai in exchange for a 3 percent stake. Pony.ai […]

Naspers-owned PayU doubles down on India with $70M deal to buy Wibmo

On April 12, 2019Source: Asia – TechCrunchBy Ingrid Lunden
Categories: Asia, Finance, brazil, byju's, citi, Companies, cupertino, economy, finance, Germany, india, Israel, Kreditech, mobile payments, Naspers, PayPal, payu, remitly, Startup company, unicorn, United States

PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo, a startup based out of the U.S. (Cupertino, to be exact) that mostly operates in India. PayU is paying $70 million for the […]

Uber has already made billions from its exits in China, Russia and Southeast Asia

On April 12, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Automotive, Exit, Startups, TC, careem, Didi Chuxing, Uber, Uber IPO

Uber’s exits from China, Russia and Southeast Asia were billed as failures, but the ridesharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S-1 on Thursday and reporters and analysts are frantically digging into a treasure trove of previously unreleased details. A number of […]

China’s largest stock photo provider draws fire over use of black hole image

On April 12, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Lawsuit, 500px, Baidu, Beijing, black hole, China, copyrights, Creative-Commons, flickr, photo sharing, shanghai, social media

While the world marvels at the first black hole image ever taken, a Chinese photo-sharing community is setting off a huge public outcry over its use of the landmark photo and a wider debate over copyrights practices in China. As soon as the European Southern Observatory released the black hole photo on April 10, Visual […]

Didi steps up financial drive as it courts car leasing companies

On April 11, 2019Source: Asia – TechCrunchBy Rita Liao
Categories: Asia, Transportation, Beijing, car leasing, carsharing, China, didi, Didi Chuxing, driver, head, Internet, ride hailing, transport

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched […]

CleverTap lands $26M for its mobile-focused customer marketing service

On April 10, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, Media, Mobile, Accel, clevertap, Facebook, Fandango, go-jek, india, rakuten, Sequoia, Sequoia India, Singapore, Southeast Asia, tiger global, United States, Viber, WhatsApp

CleverTap, an India-based startup that lets companies track and improve engagement with users across the web, has pulled in $26 million in new funding thanks to a round led by Sequoia India. Existing investor Accel and new backer Tiger Global also took part in the deal, which values CleverTap at $150-$160 million, the startup disclosed. […]

Southeast Asia’s Carousell snags $56M from Naspers-owned OLX

On April 10, 2019Source: Asia – TechCrunchBy Jon Russell
Categories: Asia, Funding, Fundings & Exits, TC, Carousell, e-commerce, Indonesia, malaysia, Naspers, OLX, rakuten, Sequoia, Sequoia India, Southeast Asia, taiwan, Tencent, world wide web

It’s taken some time to come around, but Naspers — the early Tencent investor that’s also behind the world’s top listings service — finally has a piece of Southeast Asia’s Carousell. TechCrunch broke news of talks between the two sides last year, and now Carousell has confirmed that it has raised $56 million from Naspers’ […]