Asia

Investors are doubling down on Southeast Asia’s digital economy

Southeast Asian tech companies are drawing the attention of investors around the world. In 2020, startups in the region raised over $8.2 billion, about four times more than they did in 2015.

Teatis, low-sugar superfood powders developer for diabetics, closes seed round

Serial entrepreneur Hiroshi Takatoh recognized the need for convenient and nutritious food for critically ill consumers after losing his wife to cancer. Takatoh founded Teatis, a plant-based sugar-blo

Microsoft confirms investment in India’s Oyo in a multiyear strategic deal to co-develop travel and hospitality products

Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s

China’s WeRide unveils Robovan, its first electric, autonomous cargo van

Chinese autonomous driving company WeRide has unveiled its first cargo van, the vessel upon which it will self-drive into the world of urban logistics. WeRide will work with Chinese automobile manufac

Notion acquires India’s Automate.io in push to accelerate product expansion

Notion said on Wednesday it has acquired Automate.io, an Indian startup that builds connectivity and integrations with over 200 services, as the workplace productivity startup looks to accelerate its

PayPal acquires Japan’s Paidy for $2.7B to crack the buy now, pay later market in Asia  

PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7 billion (300 billion yen), mostly in cash, t

Owl Ventures and Harvard Management Company back India’s study-abroad platform Leap in $55 million round

Leap, a two-year-old startup with headquarters in San Francisco and Bangalore that is helping students in India find the right college abroad, prepare for entrance tests, and also secure visas and loa

Indian fintech Slice launches $27 credit limit cards to tap 200 million users

Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the So

Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation

Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the

Commerce platform ShopUp raises $75 million in Bangladesh’s largest funding

ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market. Peter Thiel’s Valar Ventur

H2O Hospitality secures $30M Series C to expedite hotel digital transformation

The pandemic has triggered more demand for contactless and staffless operations in the hospitality sector, and now H2O Hospitality, the unmanned hotel management company, has closed a $30 million roun

Lee Fixel’s Addition invests over $75 million in Delhivery

Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed i

Dukaan raises $11 million to help merchants in India set up online stores

Dukaan, a one-year-old Bangalore-based startup that enables merchants to set up online stores and sell products digitally, said on Monday it has raised $11 million in a new financing round as it looks

China roundup: Beijing wants tech giants to shoulder more social responsibilities

This week, the gaming industry again became a target of Beijing, which imposed arguably the world's strictest limits on underage players. On the other hand, China's tech titans are hastily answering B

India launches Account Aggregator to extend financial services to millions

India’s top banks five years ago built the interoperable UPI rails and enabled over 150 million people in the South Asian market to pay digitally. Scores of firms — including local firms Paytm

Report: India may be next in line to mandate changes to Apple’s in-app payment rules

Summer is still technically in session, but a snowball is slowly developing in the world of apps, and specifically the world of in-app payments. A report in Reuters today says that the Competition Com

Top Indian payments app PhonePe opens its data firehose to everyone

PhonePe, one of the largest digital payments services in India, on Thursday launched Pulse, a free product to offer insights into how people in the world’s second-largest internet market are paying

Apple announces new settlement with Japan allowing developers to link to external websites  

Apple has reached a settlement with the Japanese regulator to allow developers of “reader” apps to link to their own websites for users to manage their accounts. The change goes to effect in early

Skit raises $23M Series B round led by WestBridge Capital to accelerate its growth

“Traditional voice-based call center service is difficult and costly. This is where artificial intelligence and voice technology have presented an opportunity for enterprises to overcome the challen

Tribe and Arkam back Jar app to help millions in India start their savings journey

Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or
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