Razorpay, an India-based payment gateway provider has raised US$375 million in Series F round led by Lone Pine Capital, Alkeon Capital, and TCV. The funding round was also joined by existing investors Sequoia Capita India, Tiger Global, Y Combinator, and GIC. The new funding round takes Razorpay’s valuation at US$7.5 billion, more than double in ... Read more ›
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ShareChat, an India-based content sharing platform has secured US$266 million in funding from Alkeon Capital (a US-based firm) and its existing investors, taking its valuation to US$3.7 billion. This is ShareChat’s third funding round this year. The latest funding round also saw participation from Temasek Holdings Singapore and Moore Strategic Ventures. The Bengaluru-based startup will ... Read more ›
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India-based FinTech startup Uni that offers ‘buy now, pay later’ (BNPL) service raises US$70 million funding in a Series A round led by General Catalyst. The round was also joined by new investors Eight Road Ventures, Arbor Ventures, and Elevation Capital along with participation from existing investors Accel India and Lightspeed. This takes Uni’s valuation ... Read more ›
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Consumers’ primary financial relationships (PFRs), hunger for digital solutions, and need for new online services were all investigated in EY’s NextWave Global Consumer Banking Survey, which was released recently. The findings revealed that incumbent banks in Singapore must take steps to safeguard their competitive advantages in order to remain relevant to customers, relying on their ... Read more ›
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Ninjacart, an India-based fresh produce supply startup has raised US$145 million funding from Filpkart and Walmart that will further strengthen the startup’s vision to ensure better access to high-quality fresh produce for more consumers and retailers across India. This is the third round of investment by Flipkart and Walmart into Ninjacart that has taken the ... Read more ›
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Singapore-based social commerce platform abillion that helps people and businesses around the world to be more sustainable has raised US$10 million funding in a Series A round led by 1/0 Capital, a New-York headquartered growth stage-focused venture fund. The funding round also saw participation from Tokyo-based SDG Impact Japan’s Chairman, Mamoru Taniya and co-CEO Bradley ... Read more ›
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Indonesian brand that produces healthy consumer goods, Lemonilo has raised US$36 million in a Series C funding round led by Sofina, with participation from existing investor, Sequoia Capital India. Lemonilo will be using the fresh funding to strengthen its product penetration internationally and local distribution. “As a growth-stage company, we have proven that our business ... Read more ›
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Indonesia-based InsurTech startup Fuse has recently raised US$ 25 million in a Series B extension round as it plans to expand in more countries including Vietnam and Thailand in Southeast Asia. Fuse has closed three funding rounds of Series B within the past six months, taking the company’s total fundraise to more than US$70 million. ... Read more ›
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Zoomcar, the world’s largest emerging market car-sharing marketplace, announced today that it has begun operations in the Philippines. Zoomcar has engaged Gene Angelo Ferrer as its country head in the Philippines to help scale its business as part of their recent push into the Southeast Asian region. The business stated ambitions to have 1,000 automobiles ... Read more ›
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Praktis (formerly PTS.sc), a data-driven supply chain solution for DTC (direct to consumer) brands, revealed that it has raised an undisclosed amount in a pre-Series A investment round headed by East Ventures and Triputra Group. To provide better service to Praktis’ clients, the funds will be used to accelerate technology enhancements, team building, and expanding ... Read more ›
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Korean cybersecurity company, SecuLetter participates in the largest ever dedicated cybersecurity event in the Middle East and North Africa @HACK to showcase cybersecurity solutions with its Saudi Arabia business partner Best IT. @HACK was held from November 28-30 in Riyadh.  The event conducted three highly successful days of expert discussions, knowledge sharing, education and hacking competitions ... Read more ›
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India-based chain of dialysis centres NephroPlus has recently raised US$24 million in a Series E funding round to expand in India and abroad. The funding round was led by IIFL Asset Management (IIFL AMC) along with investment from existing investors Bessemer Venture Partners and InvestCorp. NephroPlus Founder and CEO Vikram Vuppala said, “While NephroPlus had faced few ... Read more ›
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Vietnamese integrated retail platform The CrownX has raised US$350 million primary investment from TPG, a private equity firm, ADIA (the Abu Dhabi Investment Authority), Temasek Singapore. With this funding, the total fundraise for The CrownX since its inception in 2020 is now more than US$1.5 billion. The firm’s post-money valuation now soars $8.2 billion, nearly ... Read more ›
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2021 saw the Indian startup ecosystem on fire. 40 Indian startups made it to the unicorn category making it the year of Indian unicorns. Some of them even achieved the coveted status within a few months of starting their operations. This year also witnessed many firsts, the Indian startup ecosystem saw the entry of first ... Read more ›
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Global industrial cybersecurity company Claroty announced that it has raised $400 million in Series E funding and has agreed to acquire Medigate, a leading healthcare IoT security company, as part of its mission to secure all cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments – the Extended Internet of Things (XIoT). The company now ... Read more ›
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Carzuno, a Singapore-based all-inclusive car subscription platform, announced today that it raised $500,000 in an oversubscribed pre-seed funding round. The round drew a lot of interest from investors, including venture capitalists like Hustle Fund and Net Ventures, as well as private investors in the automotive and ride-hailing industries. The funds raised will be used to ... Read more ›
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AgroStar has announced today that it has raised $70 million in its Series D funding round from Evolvence, global asset manager Schroders Capital, Hero Enterprise, and UK’s development finance institution CDC. The round also saw participation from existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures. The Raine Group was the exclusive ... Read more ›
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Following the successful launch of WeLab Bank in Hong Kong, WeLab, a major pan-Asian fintech platform, announced the acquisition of PT Bank Jasa Jakarta (BJJ), an Indonesian commercial bank, with intentions to build its second digital bank in Asia. WeLab, based in Hong Kong, has gathered a big number of existing and new investors, with ... Read more ›
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Most people are constantly on the lookout for increasing their income or growing wealth. This is why many of us look into buying stock, saving more money, and investing in any way that we can. However, there is one investment vehicle that most of us do not think to take advantage of, and this is ... Read more ›
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Fintech company Xen Capital revealed today that it has raised $7.5 million in the latest Series A round. The funding series was led by Headline Asia, formerly Infinity Ventures. This recent capital injection is set to scale the company’s B2B2C alternative investment platform. The new round will also enable the company to make its white-label ... Read more ›
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Most popular sources
Business Insider
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28% 3 |
Tech Wire Asia
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20% 9 |
CNET
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7% 1 |
Tom's Hardware
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5% 2 |
Android Authority
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5% 2 |
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28.11.2024 23:39
Last update: 23:11 EDT.
News rating updated: 06:30.
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