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
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