Asia

South Korea’s agtech startup Green Labs raises $140M Series C to accelerate global expansion

Green Labs, a South Korean agtech startup, announced this week it has closed a $140 million Series C led by BRV Capital Management, with participation from Skylake Incuvest and SK Square. The startup

Payments infra startup M2P Fintech valued at over $600 million in $56 million funding

M2P Fintech, a payments infrastructure startup that has established market dominance in India, has raised $56 million in a new financing round, less than three months after closing its previous fundin

SaaS Labs raises $42 million for its business automation platform, acquires CallPage and Atolia

SaaS Labs has raised $42 million in a new financing round, less than three months after closing its previous funding, and acquired two startups as it looks to aggressively grow its automation platform

Fintech founder Ashneer Grover takes a leave of absence after reports of questionable conduct

Ashneer Grover, the public face of BharatPe, the unicorn fintech startup he co-founded, is taking a leave of absence from work for two months after serious questions have been raised about his conduct

ByteDance reorganizes strategic investment team, causes panic

What a roller coaster day for China’s tech industry. TikTok’s parent company ByteDance has dissolved its strategic investment team, sending worrying messages to other internet giants that

Ancient8 secures $4M in seed to democratize social and financial access in the metaverse

Ancient8, Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We l

Sequoia Capital India looks to double down on commerce startup Bikayi

Bikayi is in talks to raise about $50 million in a new financing round, four people familiar with the matter told me, as the Indian startup looks to scale its platform that helps small businesses set

Shopify and China’s JD.com team up to capture cross-border sellers

Two of the world’s largest e-commerce players are joining joined hands. Major Chinese online retailer JD.com has formed a strategic partnership with Ottawa-based Shopify to help global brands ta

China’s digital yuan wallet now has 260 million individual users

One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet: 261 million individual users (as opposed to enterprises), about one-fifth of the popul

South Korean HR automation platform flex raises $32M Series B at a $287M valuation

South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $287 million. The latest funding, which brings its total raised

India’s Arya raises $60 million to provide farmers with finance and post-harvest services

Indian agritech startup Arya, which reaches hundreds of thousands of farmers in the South Asian market and helps them store and sell their produce and secure credit, has raised $60 million in a new fi

INDmoney raises $75M for its super finance app in India

Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a “one-stop shop” for people’s investments and expenses, a top executi

AI chip designer Moffett AI raises ‘tens of millions of dollars’ in Series A round

China’s call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A inj

Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push

nCore Games has raised $10 million in a new financing round as the top Indian gaming firm gears up to launch web3 offerings, its top executives said Monday. Animoca Brands and Galaxy Interactive, two

China’s robotaxis charged ahead in 2021

Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a

EVage raises $28M to be a driving force in India’s commercial EV revolution

A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehic

Turnip raises $12.5 million for its mobile-first gaming community platform

Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprint in India and dozens of other countries an

India’s LEAD School becomes unicorn with fresh $100M in funding

Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for

Web3Auth secures $13M from Sequoia India to simplify crypto onboarding and authentication

Web3 is seen as the future of the internet because it allows people to control their own data and digital assets, but crypto developers have been learning from the past when it comes to onboarding new

India’s Refyne raises $82 million to help workers get faster access to wages

Refyne has raised a new financing round, just seven months after securing its previous funding, as the Bengaluru-based startup scales its platform that helps workers access their earned salaries in re
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