Asia

  • JFDI Accelerator Raises $2.1M To Help Singapore Become Southeast Asia’s Startup Hub

    JFDI Accelerator Raises $2.1M To Help Singapore Become Southeast Asia’s Startup Hub

    Singapore’s Joyful Frog Digital Incubator has raised $2.1 million from investors led by Infocomm Investments to pursue the city state’s ambitions of becoming the startup hub for all of South East Asia. Russia’s SpinUp Partners and the Silicon Valley-based Fenox are among other investors participating in the latest round. The idea behind getting more overseas investors is to… Read More

  • Startups Rise Amid Political Unrest, Economic Chaos In Bangladesh

    Startups Rise Amid Political Unrest, Economic Chaos In Bangladesh

    500 Startups, a Mountain View, California-based seed fund and accelerator, is making its first investment in Bangladesh, underscoring a growing investor interest in one of the most challenging startup ecosystems in South Asia. The seed fund is investing an undisclosed amount in ChalDal, an online grocery site based in Dhaka and founded last year by Waseem Alim, Tejas Viswanath and Zia Ashraf. Read More

  • As India User Base Nears 100M, Facebook Hopes To Earn Big Revenue From SMBs

    As India User Base Nears 100M, Facebook Hopes To Earn Big Revenue From SMBs

    India is set to become Facebook’s biggest market in terms of number of users later this year, but don’t expect that to translate into ad dollars for the Palo Alto company anytime soon. India’s online advertising market maxes out at around $360 million, making it difficult for the company to translate this horde of users into a billion-dollar business. Read More

  • Japan Is The Most Potentially Lucrative Market For Gaming Apps, Says Distimo

    Japan Is The Most Potentially Lucrative Market For Gaming Apps, Says Distimo

    Mobile analytics firm Distimo just released a new report showing how the most successful apps monetize around the world. According to it, the five most potentially lucrative markets for gaming apps are Japan, Australia, South Korea, the United Kingdom, and the United States, in that order. In addition, Japan and China were the two countries where the largest amount of revenue was generated… Read More

  • With $770K In Seed Funding, Playbasis Wants Businesses In Asia To Gamify

    With $770K In Seed Funding, Playbasis Wants Businesses In Asia To Gamify

    Playbasis, a Thailand-based gamification startup that helps companies engage with customers and employees through cool rewards and social games, has raised $770,000 in seed funding from Ardent Capital, 500 Startups and Axis Capital. The startup plans to use this funding to expand its footprint in Asia this year. Read More

  • Klinify Raises $600K To Build An Evernote For Doctors In South Asia

    Klinify Raises $600K To Build An Evernote For Doctors In South Asia

    Klinify, a digital health startup based in Singapore, has raised $604,000 in seed funding led by Jungle Ventures, to help doctors in South East Asia manage thousands of patient records using a simple application that can be set up in few minutes.  Managing patient records can be a serious headache for doctors anywhere, and it’s not because there is any lack of enough software… Read More

  • App Revenue In Asia Grew A Massive 162% In 2013, Driven By Google Play

    App Revenue In Asia Grew A Massive 162% In 2013, Driven By Google Play

    Over the past two years, Asia has emerged as the world’s top marketplace for apps–and it’s still growing. Revenue in Asia rose by a massive 162% in 2013, “annihilating” growth in all other continents, according to a new report by Distimo. Furthermore, that increase was fueled in large part by Google Play, where revenue from Asia more than quadrupled in 2013. Read More

  • Asia Pacific PC Shipments Fell 10% In 2013, IDC Says

    Asia Pacific PC Shipments Fell 10% In 2013, IDC Says

    PC shipments in Asia Pacific (excluding Japan) fell by 10% in 2013 to 108 million units, marking the region’s first ever double digit decline in recent years, according to IDC. While Lenovo retained its top spot with around 24.9% market share in the region, it still reported a decline in annual growth by 9.5%. HP was the only PC vendor to see growth, thanks to huge Indian government… Read More

  • Rocket Internet-Backed Fashion Site Zalora To Launch Marketplace In Asia

    Rocket Internet-Backed Fashion Site Zalora To Launch Marketplace In Asia

    Zalora, a fashion e-commerce site that has raised $238 million from investors such as Rocket Internet and Access Industries, plans to launch its marketplace in South East Asia early this year. The new model will help Zalora build a leaner e-commerce model without having to own any inventory. For Rocket Internet, the marketplace model is already gaining momentum with other companies in the… Read More