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Socar , SouthKorea’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 SouthKorea that has prompted a series of Korean companies to delay their listing plans.
Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
Indeed, 900,000 farmers currently use the app in SouthKorea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. It also operates B2B marketplace Sinsun Market, and it has the ambition to be a LinkedIn for farmers, Shin added. It has thousands of B2B partners, according to Shin.
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . SparkLabs began in Korea to find and help local Korean startups in their seed stage and help them go global.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, SouthKorea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. . Advanced rider assistance systems: Tech spawned by the politics of micromobility.
With the home now a place for work, school and leisure all at once, the DIY home improvement market has grown so significantly that globally, it’s expected to reach $514.9 Bucketplace also claims that OHouse has been downloaded more than 20 million times in SouthKorea. billion by 2028-end , up from $333.7 billion in 2021.
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. Rsquare has handled more than 10,000 office brokerage transactions with over 21,000 clients in SouthKorea.
The Seoul-headquartered startup will use this new funding to open a production plant in SouthKorea for scaling the manufacture of its fungal-based biomaterials and double its headcount to 42 employees, Sah said in an interview with TechCrunch. billion by 2026.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, SouthKorea.
Thuan Pham, who stepped down as Uber’s chief technology officer and longest-serving top executive in May, has a new job in SouthKorea. Coupang , the country’s largest e-commerce company by market share, announced today it has hired Pham as its new CTO. For Pham, joining Coupang, a SoftBank-backed unicorn that holds a 24.6%
SouthKorea issues an arrest warrant for Terraform Labs’ founder : “A court in SouthKorea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens lost $40 billion in value in a span of days earlier this year.”
The Series A, which was oversubscribed — the firm initially targeted around $40 million — and wrapped up in less than three months, brings Rebellions’ total funding raised to about $80 million (100 billion KRW) at an estimated valuation of $283 million (325 billion KRW), CEO of Rebellions Park said in an interview with TechCrunch. .
Kurly , a South Korean startup that provides next-day grocery delivery service, just announced that it has called off its plan to go public amid worsening economic situations that have put startups’ market debuts on hold. The startup passed the preliminary listing screening on August 22, 2022.
The startup’s history is tied to places representative of San Francisco: The founding team worked out of Peet’s Coffee on Mission Street for a few months, then crashed at a penthouse lounge near the 4th and King Caltrain station, followed by a tiny office and then a slightly bigger one in the Flatiron building near Market Street.
About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. But they had a hard time locating a suitable platform, so after about a year, Kim decided to create a marketplace for handmade goods himself in SouthKorea called Backpackr.
In an interview with TechCrunch, MyGlamm co-founder and chief executive Darpan Sanghvi said the startup has spent about $270 million in equity and cash in recent months to buy a number of firms that fit with the startup’s vision. “For years SouthKorea and Japan have produced large and iconic D2C brands.
The company already supports more than 2,000 channels on its platform across dozens of countries including Australia, Germany and SouthKorea — markets where it recently expanded.
Choi, the company’s CEO, said in an interview with TechCrunch that in their capacity as investors, the three noticed that in Korea and many other Asian countries, startups were still relying on Excel when managing their cap tables, stock options, stakeholder and other related information. “The Image Credits: QuotaBook.
In an interview, Franta and Rastouil said they wanted to create a startup that combined social and entrepreneurial impact. Back Market reaches $5.7B Reebelo’s goal is to build the biggest inventory of pre-owned, refurbished devices, and says it is already the market leader in Singapore and Australia.
SouthKorea’s Hanwha Impact led the Series B round and was joined by existing backer Hong Kong-based Li Ka-Shing’s Horizons Ventures , CEO Hyunjun Park said in an interview with TechCrunch. Early this year, Catalog opened an office in Seoul, SouthKorea, a wholly subsidiary of Catalog, for Asia expansion, Park noted.
While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gearing up to go public on the Korean stock market and is reviewing acquisition targets. All rights reserved. For personal use only.
Electric vehicles could help eat away at some of India’s pollution, and Tesla is even wading into the market. The popularity of electric two-wheelers is booming in China , and they’re starting to make big gains in other markets like Vietnam and SouthKorea. In comparison, they’re practically absent in India.
In an interview with TechCrunch, Luup CEO Daiki Okai said the startup’s ambitious plan is to expand its e-scooter and e-bike business across Japanese cities and tourist destinations. Some global e-scooter operators have also entered the Tokyo market, such as the U.S.-based
Not so fast: The internet — and more than a few scientists — got their hopes up a couple weeks ago when a team of physicists from SouthKorea announced that they had created a room-temperature superconductor from a slew of common yet unlikely materials. Here are a few highlights from this week: Room-temp superconductor?
I recommend starting with Alex ’s item on raising sweet capital in a sour market , where essentially he says venture capital firms should put their money to use when they can get more out of it. Drive time : Rebecca interviews Veo’s Candice Xie about the e-scooter company’s steady journey toward profitability. Startups and VC.
The story was among the most read on the site that day, further evidence that people are really interested in technology that relates to the property rental market, specifically when it comes to investing. Over the break, we published an interview that I had conducted with GGV Capital ’s Hans Tung and Robin Li during the fourth quarter.
Red notice : It’s official — Interpol issues red notice for Terraform founder Do Kwon, who faces charges in SouthKorea after Terraform’s cryptocurrency and stablecoin collapsed earlier this year. Manish and Kate have been following this story for a while and have more. Hey, look, some startups are still raising money ,” Alex notes.
But that follows two court case settlements and a new law in SouthKorea that also have implications for how Apple treats developers. August 7th, 2008 In an interview with Nick Wingfield, Steve Jobs says of the App Store that “ we don’t expect this to be a big profit generator.”. “We Apple case.
Trump has talked about taxing the European Union, SouthKorea, Brazil, and India, among other countries. ” In an interview Saturday with NBC News, Trump said it did not bother him if tariffs caused vehicle prices to rise because autos with more U.S. They’ve taken so much out of our country, friend and foe.
In those years, Google has acquired both HTC and Fitbit, pushed the idea of computational photography to new heights, and almost completely failed to pick up meaningful smartphone market share. Google has gone all out this year with a marketing blitz that began well ahead of today’s launch and continues with an NBA deal.
Seed deck Image Credits: Prelaunch.com (opens in a new window) Earlier this week, Haje Jan Kamps interviewed Prelaunch.com CEO Narek Vardanyan to get his perspective on how hardware startups can validate products before going to market. and SouthKorea seek Do Kwon’s extradition so he can face multiple charges.
But he explains it all quite well an extensive interview this week: TC: Why SPACs right now? Is it fair to say it’s a shortcut to a hot public market, in a time when no one quite knows when the markets could shift? He goes on to explain why public markets are likely to stay hot for the right SPACs far into the future.
“The pandemic accelerated transforming contactless technology with AI deployment for intelligence surveillance, smart city, autonomous driving, smart factory and robotics where AI data is inevitably needed,” Doyle Chung, Head of Global Sales of AIMMO, said in an email interview. and Deepen AI when it expands further to the global market.
Walmart, which spent $16 billion on a 77% stake in Flipkart in 2018 , held 72% share in the firm as of last year, according to an analysis by market intelligence firm Tracxn. Room-temperature superconductors: Last week, a team from SouthKorea claimed to have created a material that superconducts at ambient temperature.
TikTok is launching a “For You” feed aimed at the European market but without its algorithm. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. The EU wasn’t going to be outdone, though, and stuck its oar in as well.
Note: the speakers today are being introduced and interviewed by journalist and emcee Nadira Hira , on Twitter at @nadirahira. As a marketing professional in the nonprofit sector, the question being asked right now is how do we get young people engaged and ultimately get them to support our nonprofits? Millennial Giving.
Globally, the number of platform companies rose five times between 2010 and 2021; 2 and, as of 2022, about 20 percent of all market commerce in the United States is now conducted online. Growing government support in SouthKorea provides one example of the possibilities.
President Donald Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor and standing unmoved by recent stock market turmoil and rising recession risks. The S&P 500 index fell roughly 1% in Tuesday afternoon trading.
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