India-based SME-focused neobank, FloBiz has recently secured $31 million in a Series B funding round led by Sequoia Capital India and Think Investments along with existing investors Beenext and Elevation Capital. The funding round also saw participation from well-known angel investors including Kunal Shah (CRED), Vijay Shekhar Sharma (Paytm), Neeraj Arora (Hallo App), Amrish Rau ... Read more ›
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Asumsi, an Indonesian multi-platform digital media company, is looking at launching a live streaming platform by mid 2022, according to an announcement. This, after the startup raised $700,000 in funding from Southeast Asia-based venture capital firm East Ventures. The new fund will also help Asumsi invest further to expand its operation and engineering team to ... Read more ›
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India-based job platform Apna has become the youngest startup to join the growing list of unicorns in the country after raising $100 million in a Series C round led by Tiger Global Management. The new funding has come just after three months the startup raised $70 million in a Series B funding round co-led by ... Read more ›
10
Ahead of its planned IPO in the United States, India-based FinTech company Pine Labs has raised fresh funding of $100 million from the US-based investment management company, Invesco through the Invesco Developing Markets Fund. The current funding comes just after two months when the firm had raised $600 million funding, at a valuation of $3 billion ... Read more ›
2
BuzzAR, a Singapore deeptech firm that offers augmented reality (AR) and artificial intelligence (AI) solutions to Fortune 500 companies in Singapore and China, has raised $630,000 from revenue-based financing and growth platform Choco Up. The funding will provide a significant boost to BuzzAR during this pivotal time as the firm shifts focus from B2B to ... Read more ›
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SmartNews, the Japanese news aggregator that became a unicorn in 2019, announced raising $230 million in its Series F funding round that values the media unicorn at $2 billion. As per the announcement, the Series F investors represent a broad range of strategies and geographies. It includes new investors Princeville Capital and Woodline Partners, based ... Read more ›
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Indonesia-based digital payment platform Xendit has entered the unicorn category after it raised $150 million in a Series C funding round. Xendit has become the newest entrant in South East Asia’s growing list of unicorns. With this fresh funding led by Tiger Global Management has boosted its valuation to $1 billion. The funding round also ... Read more ›
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India-based online gaming startup, MPL has raised undisclosed funding from investors led by Legatum Capital with participation from Gaingels LLC and Accrete Capital. The funding round also saw participation from existing investors RTP Global and Moore Strategic Ventures LLC. MPL will be using the fresh infusion of funds for its global expansion, drive continued growth ... Read more ›
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Chinese retailer Miniso Group plans to open a flagship store in New York and aims to nearly double its outlets in the US this year, gambling on increasing post-pandemic budget-conscious shoppers. Miniso has lesser than 60 outlets in the US and its presence is dwarfed by giant low-price retailers like Dollar Tree as well as ... Read more ›
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Indonesian financial technology (fintech) startup Xendit announced raising $150 million in its Series C funding round that catapulted the company to a short list of Southeast Asian unicorns. The funding round was led by US-based investor Tiger Global Management, with participation from existing investors Accel, Amasia, and Justin Kan’s Goat Capital, according to the announcement. ... Read more ›
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Carousell Group, a Singapore-based classifieds group, has become Southeast Asia’s latest unicorn after it raised $100 million with a $1.1 billion valuation, according to a company announcement. STIC Investments, a Korean private equity firm that invests across Asia, led the funding round that minted Carousell, founded in 2012, as a unicorn. Carousell is also backed ... Read more ›
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The Reserve Bank of India (RBI) has recently announced that Singapore and India will link their respective fast payment systems- PayNow and UPI (Unified Payments Interface). The UPI-PayNow linkage will enable the users to make low-cost and instant fund transfers without the requirement of going on to another payment system. The Reserve Bank of India ... Read more ›
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Mittihub, an earthenware startup was launched last year by two students Abhinav Aggarwal and Megha Joshi from Rajasthan, India to connect local artisans from the state of Rajasthan, Haryana, Delhi, and Agra to sell their handmade earthenware without any middlemen. The online store sells terracotta ware delivered directly from artisans to buyers. This unique startup ... Read more ›
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GlobalCare, a Vietnamese insurance technology (insurtech) startup, announced raising an undisclosed amount of investment from VinaCapital Ventures, the technology investment platform of VinaCapital Group. The insurtech startup allows insurance companies and agents to sell policies via cloud-based and on-premises app that enables end-to-end service management to monitor transaction history and process claims, among other functions. ... Read more ›
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McEasy, an Indonesian startup that provides Software-as-a-Service digital solutions for logistics vehicle management and tracking, has raised $1.5 million in its seed funding round led by venture capital firm East Ventures. The startup said it will use the fresh capital to strengthen its research and development division and scale its marketing and sales division to ... Read more ›
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VinaCapital Group’s investment arm VinaCapital Ventures recently announced that it has invested in a Vietnamese InsurTech firm, Global Care that offers solutions for the administrative and sales processes of insurance agencies and business partners. The terms of investment have not been disclosed. However, according to the Partner of VinaCapital Ventures, Hoang Duc Trung Global Care ... Read more ›
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FoodTech platform Zomato recently announced that it is closing down its pilot online grocery delivery business due to gaps in order fulfillment that has led to poor customer experience. However, the company will carry on with its B2B essentials and grocery delivery services to restaurants through Hyperpure. This is the second time in two years ... Read more ›
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In a recent announcement, Ford said that it has accumulated operating losses of over $2 billion over the last ten years and in 2019 it recorded an $800 million write-down of assets. With this, Ford marks its complete exit from the Indian market as it plans to stop its manufacturing immediately in the country. The ... Read more ›
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Pluang, a disruptive wealth tech company based in Indonesia, is democratising access for Indonesian retail investors to grow their wealth via its proprietary digital savings and investing products. Now, the startup announced the final close of its latest funding round at $55 million, led by Square Peg and participated by SIG, UOB Venture Management, and ... Read more ›
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Mineski Global, a Philippine-founded esports and gaming organisation, has announced raising $10.6 million in its Series A funding round led by Exacta Capital Partners, with participation from New York-based Endeavor Catalyst. The startup, which is a brand under TEG Holding Pte Ltd, is the pioneer esports company in Southeast Asia that has a track record ... Read more ›
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Most popular sources
Business Insider
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33% 13 |
Android Authority
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8% 4 |
Wired
|
7% 4 |
Tom's Hardware
|
6% 17 |
Gizmodo
|
6% 3 |
| View sources » | |
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19.12.2025 18:45
Last update: 18:35 EDT.
News rating updated: 01:41.
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