The retail arm of Reliance Industries Ltd. has invested US$240 million for a 25.8% stake in India’s online food delivery platform Dunzo to get a foothold into the rapidly emerging market of superfast dispatch of household products. The onset of the COVID-19 pandemic has led to a boom in demand for services like Dunzo and ... Read more ›
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India’s skill-based casual gaming startup Zupee has raised US$102 million in funding in a Series B round, taking its valuation at US$600 million. The company has also collaborated with with Jio Platforms Limited, India as it looks to expand its operation in the country. Both new and existing investors joined the funding round, however, the ... Read more ›
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India-based B2B ecommerce startup Udaan has raised US$250 million funding through convertible note and debt as it looks to scale its operations in the country. According to the company, it has raised US$200 million through convertible note and US$50 million via debt. Udaan has not disclosed the name of its investors as yet, however, CEO ... Read more ›
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Living Food, India’s fastest-growing 1P platform focused on fresh food, has raised $7.5 million in its Series A funding round led by Amasia, a thesis-driven venture capital firm specializing in sustainability via behavior change. SOSV, Blume Founders Fund, and notable angels including Xander Group founder Sid You and Nexus Venture Partners co-founder Sandeep Singhal were ... Read more ›
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Pandai, a Kuala Lumpur-based education technology firm, recently raised a total of $2.03 million from a consortium of local and international investors. The investors who participated in the round include Y Combinator, Global Founders Capital, 500 Global, Soma Capital Harvard, and Malaysian investors RHL Ventures, Falnas Capital, and Kembara Kapital. Angel investors also included ex-Google ... Read more ›
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Singapore-based FinTech startup Brankas has raised US$20 million in funding in a Series B round led by Insignia Venture Partners along with participation from AFG Partners, Visa, and Treasury International. Existing investors Integra Partners and Beenext also joined the round. With this fresh funding, Brankas will scale its network and expand its product menu of ... Read more ›
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Vietnam-based AgriTech ecommerce platform FoodMap has raised US$3 million in funding in a Series A round led by Beenext and Vulpes Venture. The funding round was also joined Ascend Vietnam Ventures and existing investor Wavemaker Partners. Founded in 2020 by Pham Ngoc Anh Tung, FoodMap’s platform connects farmers and food producers directly to B2C and ... Read more ›
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Singapore-based media platform Chain Debrief dedicated to crypto has raised US$900k in seed funding round led by its angel investor Sim Jian Hong along with participation from institutional investors such as Gecko Ventures, QCP Capital, Coinhako, and Double Peak Group. The seed funding round was also joined by senior executives from Xfers, Defiance Capital, Mintable ... Read more ›
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The less-than-truck-load logistics startup ZTO Freight owned by Chinese delivery group ZTO Express has raised over US$300 million in a Series B funding round to strengthen its market position as ecommerce in China. ZTO Freight did not disclose its investors for the funding round, however, its earlier investors included Chinese asset manager CDH Investments, Sequoia ... Read more ›
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Looxid Labs Inc. a Virtual Reality(VR) based proactive mental healthcare startup, announced that its product LUCY – VR cognitive health coach combined with biosignal interpretation – has earned a CES 2022 Innovation award in health and wellness category. In particular, it is meaningful for the company to receive this award four years after winning the ... Read more ›
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Play It Forward DAO (PIF DAO) announced the completion of a $6 million private round co-led by Signum Capital, Kyber Ventures, and UOB Venture Management. Jump Capital, GBV, LD Capital, Great South Gate, Octava, 975 Capital, Arcane Group, Tokocrypto, AU21, Double Peak Group, Faculty Group, NxGen, DWeb3 Capital, GSR, SL2 Capital, and Mintable are some ... Read more ›
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Singapore-based smart mobility startup RushOwl has reportedly raised about $500,000 in seed funding led by Silicon Solutions Partners, an investment firm focused on servicing and growing smart city entrepreneurs. Other backers in the funding round include current investor Seeds Capital (the investment arm of Enterprise Singapore) and Workplace Accelerator (an HRtech accelerator). By 2022, RushOwl ... Read more ›
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Singapore and Boston based B2B startup Almond Finance that offers a blockchain-based fund transfer infrastructure connecting financial institutions globally has raised US$2 million in seed funding led by Morningside Group along with participation from other angel investors. The funding will help the company to drive product development, hiring, and adhering to the compliance requirements for ... Read more ›
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India-based ecommerce platform Honasa Consumer Pvt. Ltd. has become the first unicorn of 2022 in the country with a US$52 million funding round led by Sequoia Capital along with participation from Sofina Ventures, a Belgium-based investment fund and Evolvence, a UAE-based India focused fund. Honasa Consumer that sells personal-care products under the label Mamaearth, House ... Read more ›
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Smarter Health, a Singapore-based healthtech company, has raised S$5.15 million ($3.8 million) in Series A funding led by Southeast Asia venture capital firm East Ventures. The latest funding round also saw the participation of Orbit Malaysia and Citrine Capital. Other investors in this round include HMI Group and Emtek. “We are excited to partner with ... Read more ›
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Borzo, a global same-day intracity delivery service for enterprises, has acquired NOW, a 90-minute delivery service provider in India. Located in the Netherlands, Borzo plans to expand its footprint in Asia and provide clients with additional customized delivery options as a result of the acquisition. NOW will benefit from Borzo’s knowledge and efforts in 10 ... Read more ›
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The microbiome treatment market is receiving global attention and is rapidly emerging as a new treatment alternative for various intractable diseases. However, recent clinical trial failure reports and the limitation to identify a clear mode of action demand a careful approach. Korea-based company BioMe Inc. wants to bring in disruption with pathbreaking microbiome-based therapeutics. Established ... Read more ›
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CyberHash, a Singapore-based distributed storage solutions startup, has announced raising $20 million in an early-stage funding round led by venture capital investor Lemon with participation from tech investor Alex Zhu. The startup provides cloud storage facility that provides a stable, secure, and efficient solution to its distributed storage services, as per the announcement. It will ... Read more ›
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Indonesian e-commerce major Bukalapak has announced the appointment of Willix Halim as acting interim CEO following the stepping down of Rachmat Kaimuddin. In a statement, Bukalapak said Halim will be acting interim CEO during the transition period and in the absence of Kaimuddin, until the conclusion of the proposed Extraordinary General Meeting of Shareholders ratifying ... Read more ›
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Indonesia’s fastest-growing F&B retail chain, popular for its great-tasting coffee, has raised US$96 million in a Series C funding round led by Tybourne Capital Management along with participation from Falcon Edge Capital and existing investors Kunlun, Horizon Ventures, and B Capital. The fresh funding takes Kopi Kenangan’s valuation to US$1 billion making it the first ... Read more ›
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Tom's Hardware
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6% 2 |
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19.12.2025 08:29
Last update: 08:20 EDT.
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