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Backed by Tiger Global, Intellect is creating culturally-competent mental healthcare for Asia

TechCrunch

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. Intellect’s coverage and self-guided programs are available in 15 languages. The first half of Series A was announced in January 2022.

Asia 98
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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.

Sri Lanka 115
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5 takeaways on trust in NGOs to manage new innovations and technologies 

Candid

For 20 years, the global communications firm Edelman has studied the influence of trust across government, media, business, and nongovernmental organizations (NGOs). Here are five takeaways about global trends in the public’s trust in NGOs: 1.

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Glorang scores $10M Series A to expand its edtech marketplace across Asia 

TechCrunch

Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. It also plans to increase its headcount. .

Asia 80
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Fitness app HealthifyMe to expand worldwide after raising $75M Series C from LeapFrog and Khosla Ventures

TechCrunch

Vashisht said HealthifyMe is India’s top health and fitness app, but its long-term goal is to become the global leader. About 25% of HealthifyMe’s revenue comes from outside of India, including Singapore and Malaysia. HealthifyMe has now raised more than $100 million in total. We begin by building a food database with local foods.

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Temasek’s Sheares Healthcare backs Asia-focused mental health startup Thoughtfull

TechCrunch

The round, which Thoughtfull said was oversubscribed, also included participation from returning investors Vulpes Investment Management, The Hive Southeast Asia, global family offices and founding members of companies like Grab and Zalora. Its app is available in 11 languages. Sheares is a wholly-owned subsidiary of Temasek.

Asia 86
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Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

TechCrunch

According to Peeba, there are high barriers to entry and expansion for brands seeking growth in Asia due to the wide range of languages, currencies, regulatory environments and business practices across the region. . Lai said its localization effort isn’t just focused on supporting multiple languages.