Asia
BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion
BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup
Bernstein pegs Reliance as India’s eventual e-commerce kingpin
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scath
Generation Prime launches to make fertility services more accessible in Asia
Generation Prime, a startup that wants to make IVF and other fertility services more accessible to patients in Asia, is launching its first two clinics in Bangkok and Kuala Lumpur. The company also an
Top Indian tech advocacy group replaces Big Tech execs following criticism
The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder and chief executive Harsh Jain as the new chairperson of the association, bucking
Indonesia’s Skorlife gets funding to give Indonesians power over their credit scores
Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures, with participation fr
Singapore-based BandLab Technologies raises $25M at $425M valuation
Updated with more information from BandLab Technologies’ CEO. Correction also made to the valuation amount in headline. Singapore-based BandLab Technologies, the parent company of social music
Matrix Partners expands new India fund to $525 million
Matrix Partners India has extended the target size for its current fund to $525 million, from the $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to d
India’s Chalo raises $45 million in fresh funding to digitize bus commutes
Indian startup Chalo, which is working to transform bus commutes, has raised $45 million in a new funding round and secured an additional $12 million in debt as it works on deepening its mobility offe
Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife
Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.
Singapore’s Ora takes a vertically integrated approach to telehealth
According to the founder of Singapore-based telehealth platform Ora, 90% of its patients are less than 39 years old and have not been treated for their conditions offline. That puts the onus on Ora to
Jenfi raises more funding for its ‘growth capital as a service’ platform
Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in as little as a day. The Singapore-based startup announced today it has raised $6.6 mi
Japanese construction tech Aldagram nails down backing from Panasonic
Aldagram, a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle E
Indian edtech giant Byju’s raises $250 million, on track to close another $700 million
Byju’s has raised $250 million in fresh funding and is close to securing an additional $700 million, two people familiar with the matter told TechCrunch, as the Indian edtech giant builds up its
Disney’s Hotstar loses 8.4 million subscribers as Ambani’s JioCinema ascends
Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is
Vanguard trims Indian ride-hailing giant Ola’s valuation by 35%
Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public
Backed by Sequoia Southeast Asia, SquareX protects web users with disposable browsers
Much of our computer time is spent in a web browser, where we check emails, create documents, transfer files, carry out online banking, shop or stream entertainment. This leaves us vulnerable to secur
Zomato shares plunge after Invesco cut rival Swiggy’s valuation
Shares of Indian food delivery firm Zomato ended session on Tuesday at a decline of 6%, hours after it became known that Invesco had cut the valuation of its rival Swiggy. Shares of Zomato ended Tuesd
Invesco cuts Swiggy valuation by half to $5.5 billion
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation,
3one4 Capital, driven by contrarian bets, raises $200 million new fund
Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secu
Paytm tops $977 million revenue in a year, narrows loss
Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in a sharp turnaround for