Asia

Tesla won’t set up manufacturing plant in India until allowed to first sell and service cars, Elon Musk says

Tesla won’t set up a manufacturing plant in India until it is first allowed to sell and service imported cars in the South Asian nation, the carmaker’s chief executive Elon Musk said Frida

Manish Maheshwari, former Twitter India head, leaves new startup

Manish Maheshwari, the former head of Twitter India, is leaving the startup he co-founded just six months ago following disagreements with co-founder and investors. “I am moving out of Invact to

Indian fintech Jar eyes $50 million investment

Indian fintech Jar, which closed a $32 million financing round in February this year, is in talks to raise new funding as it looks to scale its product and expand its offerings. The Bengaluru-headquar

Unacademy tells employees to focus on profitability at all costs to ‘survive the winter’

Unacademy, one of the high-profile Indian startups, has urged its employees to learn how to work under constraint and focus on reaching profitability as the SoftBank and Tiger Global-backed online lea

Crypto asset manager Babel Finance reaches $2B valuation

Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could

Pony.ai loses permit to test autonomous vehicles with driver in California

The California Department of Motor Vehicles revoked Pony.ai’s permit to test its autonomous vehicle technology with a driver on Tuesday for failing to monitor the driving records of the safety d

Airbnb China closes domestic unit to cut costs as it bets on border reopening

Airbnb will terminate its domestic business in China, marking the partial retreat of another Western tech giant from the country. Like most of its peers, the home sharing titan is shifting its focus t

SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

SwipeRx, a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Jo

Didi’s delisting now done deal

Chinese ride-hailing giant Didi has voted to delist from the U.S. stock market, a long-expected result of Didi finding itself in hot water with the Chinese government after a troubled U.S. debut.

Dara Khosrowshahi and Marcelo Claure to back former Sequoia India partner’s startup

Amit Jain, who previously led Uber’s Asia Pacific business and served as a partner at Sequoia Capital India, is working on a crypto payments platform and has received backing from several high-profi

1K Kirana raises $25 million for its hyperlocal shopping and distribution platform

1K Kirana, an Indian startup that operates an eponymous hyperlocal shopping app and retail distribution network, has raised $25 million in a new financing round as it attempts to help brands and neigh

Metaverse app BUD raises another $37M, plans to launch NFTs

BUD, a nascent app taking a shot at creating a metaverse for Gen Z to play and interact with each other, has raised another round of funding in three months. The Singapore-based startup told TechCrunc

‘Move-to-earn’ Solana app StepN is latest crypto gaming craze

Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three milli

Terra creator Do Kwon faces prosecution in South Korea

Do Kwon, the creator of the stablecoin TerraUSD (UST) and its sister token Luna, is facing legal prosecution in South Korea over the collapse of the two coins that wiped out billions of dollars from i

India’s Cars24 cuts 600 jobs

Cars24, a marketplace for used cars, has laid off about 600 people just five months after closing a $400 million financing round, the latest Indian unicorn to cut its workforce as it attempts to steer

Fintech Slice joins UPI race to challenge PhonePe and Google Pay

Slice is adding the popular railroad UPI on its eponymous app as the Indian fintech looks to broaden its offerings and pushes to become a one-stop payments app for consumers in the world’s second la

India says VPN firms unwilling to comply with new rules ‘will have to pull out’

India is pushing ahead with its new cybersecurity rules that will require cloud service providers and VPN operators to maintain names of their customers and their IP addresses and suggested firms unwi

Amazon launches Smart Commerce in India to help offline stores launch digital storefronts

Amazon said it will help neighborhood stores across India launch their own digital storefronts to better serve their customers, the latest effort by the e-commerce giant as it attempts to leverage the

CyberConnect raises $15M Series A to put data back in the hands of users

One of the promises made by web3 entrepreneurs is putting data back in the hands of owners through decentralization. Palo Alto-based CyberConnect is among a handful of blockchain startups working to f

ZMO.ai secures $8M led by Hillhouse to create AI generated fashion models

With breakthroughs in machine learning, it’s no longer uncommon to see algorithmically generated bodies that can move and talk authentically like real humans. The question is now down to whether
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