Asia

WhiteHat Jr founder departs a year after selling to Byju’s

Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s. In an email to employees on Wednesda

India’s BharatPe valued at $2.85 billion in Tiger Global-led $370 million funding

Indian fintech startup BharatPe has raised $370 million in a new round of financing as it looks to aggressively scale its business in the next two years. It’s the nineteenth Indian startup to be

India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding

Infra.Market, an Indian startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their projects, said on

Indian online insurer PolicyBazaar files for IPO, seeks to raise over $800 million

Indian online insurance aggregator PolicyBazaar has filed for an initial public offering in which it is seeking to raise $809 million, becoming the fourth startup in the past two months from the South

Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise

Indian online learning platform Unacademy has raised $440 million in a new financing round as investors double down on the South Asian market and elsewhere following a widening series of regulatory cr

China roundup: Keep down internet upstarts, cultivate hard tech

Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The tech industry in China h

Microsoft in talks to back India’s Oyo

Indian budget hotel chain Oyo may have lost a significant portion of its business to the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of ta

High-profile entrepreneurs launch $85 million fund to back Indian SaaS startups

Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms,

Indian automobile marketplace Droom valued at $1.2 billion in pre-IPO funding

An online marketplace for automobiles has become the latest Indian startup to attain the coveted unicorn status. Gurgaon-headquartered Droom said on Wednesday it is raising up to $200 million in what

Edtech’s venture-backed globalization pauses at China

Edtech investors are increasingly going global, but regulatory crackdowns in China, which instructed K-12 tutoring startups to go nonprofit, have led to a chill among check-writers in the country.

Tencent’s WeChat suspends new user registration in China to comply with ‘relevant laws and regulations’

Tencent’s WeChat said on Tuesday it is temporarily suspending registration of new users in China as it works to comply with “relevant laws and regulations,” the latest Chinese firm to fa

India’s ShareChat valued at $2.88 billion in $145 million fundraise

Indian social media platform ShareChat said on Tuesday it has raised an additional $145 million and is now valued at nearly $3 billion, less than three months after it secured $502 million at a valuat

Nium crosses $1B valuation with $200M Riverwood Capital-led round

Nium’s new round adds fuel to a fire shared by a number of companies all going after a global B2B payments market valued at $120 trillion annually.

Amazon-backed Indian D2C beauty brand MyGlamm raises $71 million

MyGlamm, a direct-to-consumer beauty brand in India that sells most of its products through its own website, app and retail touch points, said on Monday it has raised $71.3 million in a financing roun

Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

The bottled beverage industry wasn’t what Genki Forest’s founder, Binsen Tang, initially set out to tackle. The company aims to reach $1.2 billion this year.

China roundup: Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical he

China’s expected edtech clampdown may chill a key startup sector

When it comes to control, the Chinese government doesn't mind wiping out a few dozen billion dollars in market cap here and there. That's not a great system.

Food delivery firm Zomato surges 65% in key India debut

Shares in Zomato, a Gurgaon-based food delivery company and first of India’s consumer tech startups to go public, closed up 65% in its debut day of trading in Mumbai, delivering a key insight into t

India considering phased roll out of central bank digital currency

India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was st

India’s BlackBuck valued at $1 billion in $67 million fundraise

India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of startups that is digitizing the freight and logistics across India, has ju
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