Asia

The latest innovative tech coming out of Asia

  • Stayzilla, India’s Airbnb for homestays, closes its service

    Stayzilla, India’s Airbnb for homestays, closes its service

    Stayzilla, an Airbnb for homestays in India, is closing down its service. The company was founded six years ago and had raised $34 million from investors, including a $20 million Series B in 2015. Now is the time to pause and “reboot” however, CEO and co-founder Yogendra Vasupal explained in a blog post. The company reached a network of over 50,000 accommodation options across… Read More

  • Rocket Internet’s Zalora is retreating from two more countries in Asia

    Rocket Internet’s Zalora is retreating from two more countries in Asia

    Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Philippines and Indonesia. Yesterday it transpired that Zalora sold 49 percent of its Philippines-based operations to local real estate firm Ayala, as E27 reported, but it is in the process of… Read More

  • Indonesia’s Printerous raises $1.4M to digitize traditional printing

    Indonesia’s Printerous raises $1.4M to digitize traditional printing

    Printerous, an Indonesia startup that is bringing the country’s printing industry into the digital era, has raised $1.4 million. The round was led by Golden Gate Ventures with participation from U.S. firm Sovereign’s Capital and Indonesian conglomerate Gunung Sewu Kencana. The two-year-old company is using the internet to make traditional printing more efficient and convenient. Read More

  • Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia’s Kejora announces first close of $80M fund for Southeast Asia

    Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its Ideabox accelerator program in Jakarta, has secured one-third of its target, with investment from LPs that include Indonesia’s Barito Pacific Group, Thai conglomerate Charoen Pokphand Family… Read More

  • India’s top mobile operator Airtel is buying smaller rival Telenor India

    India’s top mobile operator Airtel is buying smaller rival Telenor India

    Less than a month after Vodafone confirmed it is in talks to merge with Idea Cellular and create India’s largest mobile operator, one piece of M&A has been confirmed in that space. Bharti Airtel has gobbled up smaller player Telenor India in a deal announced today. The Airtel-Telenor deal is subject to regulatory approvals, but both sides said it should be completed within the next… Read More

  • Singtel’s digital ad division Amobee acquires Turn for $310M

    Singtel’s digital ad division Amobee acquires Turn for $310M

    Amobee just announced that it has agreed to acquire adtech company Turn for $310 million. Amobee used to be a mobile ad startup itself, before a 2012 acquisition by Singtel, where it remains a subsidiary. Since then, Singtel and Amobee have continued to make more acquisitions on the digital ad side, including Gradient X, Adconion and Kontera. Turn, meanwhile, operates both a data… Read More

  • India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

    Snapdeal, one of India’s big online marketplaces connecting sellers of a range of goods with consumers looking to buy them, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged with the rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $6.5 billion — issued… Read More

  • Supr Daily is digitizing milk delivery in India

    Supr Daily is digitizing milk delivery in India

    Getting product lock-in is key in the world of startups. Your app, service or products needs a hook that brings your users back time and time again. How about a startup that hangs its hook on daily milk deliveries? Supr Daily is that startup. Its is currently taking part in the latest program at Y Combinator, from where CEO Puneet Kumar explained more about what the Mumbai-based startup… Read More

  • 500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups reboots its efforts in China, but there’s no dedicated fund

    500 Startups is rebooting its efforts in Greater China after it hired a new head of business for the region, which covers mainland China, Hong Kong and Taiwan. Edith Yeung, a former executive with browser firm Dolphin Mobile, is taking up the reins. The VC firm had been without a recognized setup in China for some time after former lead Rui Ma relocated to the 500’s U.S. operations… Read More

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