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Global growth is among the key pillars underpinning the electric vehicle makers goals of maintaining sales momentum in 2025, chief executive Li Xiang told investors on March 14. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. Fuse claims it currently has more than 60,000 marketers or agent partners using the Fuse Pro mobile app.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 11) Global Goods Partners :: globalgoodspartners.org. 15) Little Market :: thelittlemarket.com. 30) UNICEF Market :: market.unicefusa.org.
Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. About 40% are based in the U.S.,
This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants. “CHAI is a late comer to Korea’s digital payments market, but we saw a unique opportunity to offer value,” said Shin.
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. million in Series A funding led by Sequoia Capital Southeast Asia.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 9) Global Goods Partners :: globalgoodspartners.org. Serrv International is a nonprofit dedicated to fighting global poverty through fair and ethical trade.
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.
Based in Hong Kong, Finverse ’s ambitious goal is to enable open banking throughout the Asia-Pacific region. million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. market because it was reliable and developer-friendly, Lesaffre said.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
Two years ago, a group of entrepreneurs in Pakistan began surveying the market to understand why financial services weren’t reaching the majority of merchants in the world’s fifth most populous nation. On Friday, Tiger Global said it is backing their startup, CreditBook , to help address those challenges. Images Credits: CreditBook.
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. They are precious when startups are trying to figure out product-market fit.
V2Food is one of many new contenders in the alternative protein space, founded in Australia but now setting its sights on Europe, Asia and beyond. The company has seen strong uptake in its home market, and the first goal is to be No. The company has seen strong uptake in its home market, and the first goal is to be No.
The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia. Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. .
Undergirding their strong conviction is a bet that India and Indonesia and other markets in South Asia will double and triple their GDPs in the next 10 to 15 years, and the public markets and tech companies stand to take a significantly broader role in that surge. The combined market cap of top-five tech companies in the U.S.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program).
A 22-month-old startup that is helping millions of blue- and gray-collar workers in India learn new skills and find jobs has become the youngest firm to join the coveted unicorn status in the world’s second-largest internet market. Apna announced on Thursday that it has raised $100 million in a round led by Tiger Global.
The round was led by Tiger Global with participation from returning investors Sequoia Capital India & Southeast Asia, and new investors DST Global Partners and Shopify (marking the e-commerce platform’s first venture investment in a startup operating in the Southeast Asia region).
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. This brings its total raised to $43 million, including the oversubscribed first tranche of its Series B, which was led by Tiger Global and closed in January 2022.
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments. Sun King asserts to be the largest of this kind globally. Sun King raises $260M to widen clean energy access in Africa, Asia.
We have been able to provide financial freedom through vehicle ownership for some of our customers who have finished the programme in different markets,” said Ladi Delano , co-founder and co-CEO, when asked how many drivers have managed to gain ownership of cars since using the platform. “So It is a problem faced across many emerging markets.
The Bangalore-based startup, which focuses on K-12 online education, said on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group. Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. billion in September , when SoftBank led the round.
Perhaps an exception to this oft-repeated phrase, in my experience, is Entrepreneur First out of London/Europe (but now also in Asia), and even then that entity is slightly closer to a pre-accelerator in the way it assembles talent before it assembles the startups (although it does also fund its startups). Of course, “your mileage may vary.”
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
The recent, and now past, venture capital boom was a global affair. While traditionally busy markets like North America and Europe benefited from the explosion in capital, other regions with more nascent startup scenes also saw big gains in their ability to attract funding. The Exchange explores startups, markets and money.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
It’s being rolled out this week in globalmarkets, including North America, Europe, Asia, and the Middle East. LG’s Magnit TV not only boasts 163 inches of 4K resolution, but it’s also the company’s first microLED display.
As venture capital grew around the world , tracking the fintech market was a fine way to understand the general health of the VC world; when venture was getting bigger, so too was fintech fundraising. Let’s talk about the fintech market from a global perspective and a U.S.-focused The global perspective.
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. Additionally, the city state’s strategic location at the crossroads of major shipping lines and air routes connects large parts of Asia to the rest of the world, making it a global logistics hub,” he added.
Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. AnyMind operates 17 offices across 13 markets with more than 1,000 employees. ”
The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic. Coherent will focus on China and emerging markets in Asia.
But we can get a peek at a critical part of the VC universe early, thanks to a preview of global fintech investment results from CB Insights. The Exchange explores startups, markets and money. For our look at the third-quarter fintech VC market, head here.). North America and Europe shine, Asia falls.
million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. . Venture capital firms that participated in the round include Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq. That’s where Silkhaus comes in.
Skit announced today it has closed $23 million Series B round to accelerate its growth in domestic and globalmarkets including the US and South East Asia and enhance its voice automation platform. We want to double down and scale operations in both Indian and globalmarkets. It currently has 150 employees.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. The Series B brings Beam’s valuation up into the triple digits, says CEO and co-founder of Beam Alan Jiang who declined to provide exact numbers. .
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
TPG invested in the startup through its TPG Capital Asia, its Asia-focused private equity platform. The startup, which employs more than 3,500 individuals globally, also helps its clients with decision-making actions, Velamakanni said. This is becoming more and more crucial to firms, especially amid the pandemic,” he said.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. This is one of Salesforce Ventures’ rare investments in Asia. Image Credits: Darwinbox.
Following a record-breaking second quarter, venture capitalists around the world stayed busy in Q3, investing astronomical sums into global startups. In the coming weeks, TechCrunch will explore the global Q3 venture capital market’s results in detail, by business genre (fintech, edtech, etc.) Let’s get into the data!
Tiger Global is one of the most prolific investors in India and is a backer of over a third of all unicorn startups in the country. The New York-headquartered firm, which counts India among its top three marketsglobally, has deployed over $6.5 billion in the South Asian market since inception, TechCrunch reported last year.
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Its focus on Southeast Asia comes as homegrown banks, like Singapore’s DBS Group Holdings and Indonesia’s Bank Central Asia gain on MUFG in market cap.
Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.
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