temasek

ShareChat faces large valuation cut in new funding

ShareChat is in final stages of deliberations to secure about $50 million in new funding that trims the startup’s valuation to as low as below $1.5 billion, according to two sources familiar wit

Temasek and SBI pour $384 million into India’s Ola Electric

Ola Electric said on Thursday that it has raised $384.43 million in a funding round, which included about $240 million in debt. The new round values the Bengaluru-headquartered electric vehicle startu

India tax officials search edtech UpGrad offices

Officials from India’s GST tax department are searching the offices of UpGrad, an edtech unicorn that counts Temasek, James Murdoch’s Lupa Systems and World Bank’s International Finance

PharmEasy, once valued at over $5 billion, seeks new funding at a 90% valuation cut

Indian online pharmacy startup PharmEasy is planning to raise about $300 million in a new round of funding at a 90% markdown from the previous valuation, two people familiar with the matter said, effe

Pasqal raises €100M to build a neutral atom-based quantum computer

Pasqal, a Paris-based quantum computing startup, today announced that it has raised a €100 million Series B funding round let by Singapore’s Temasek. In addition to Temasek, existing investors

Temasek backs India’s HealthKart in $135 million funding

Indian consumer nutrition platform HealthKart has raised $135 million in a new financing round as it looks to expand in international markets and shore up cash to buy firms, it said Monday. Temasek le

V7 snaps up $33M to automate training data for computer vision AI models

Artificial intelligence promises to help humans carry out everyday tasks faster and quickly solve problems that they have been too big for humans to tackle. But ironically, the building that AI can ta

Singapore’s Temasek writes down $275M investment in FTX

FTX’s investors are continuing to deal with the fallout from the cryptocurrency exchange’s bankruptcy. In a statement today, Temasek, the investment firm owned by Singapore’s government, said it

Yahaha raises $40M more for its user-generated, low-code immersive gaming platform

Yahaha, a Helsinki- and Shanghai-based immersive, user-generated, low-code gaming platform founded by a group of Chinese gaming vets, made a splash in January when it announced a cumulative $50 millio

GenZero’s Frederick Teo on ‘limitless’ opportunities in climate tech

2050 is an important year for climate tech, with the Paris Agreement calling for emissions to reach net zero by then. In a conversation with GenZero’s Frederick Teo for SOSV’s Climate Tech Summit,

Trigo raises $100M to expand its Amazon-style cashier-free store technology

Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to e

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand global

Luminar to invest in Geely-affiliated Ecarx, eyes China market

Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. It’s making a strategic investment of an undisclosed amoun

Indian fintech OneCard tops $1.4 billion valuation in fresh $100 million funding

FPL Technologies, an Indian startup that offers credit cards to customers under the brand name OneCard, is the latest in the South Asian market to join the unicorn club following a new round of fundin

Fabric lays off 40% of staff as it shifts strategy from service to platform

The shift and subsequent layoffs stem from customers asking for more control over their micro-fulfillment process.

Omio raises $80M as travel demand rebounds after years of COVID-19 crisis

It’s been a tough few years for Omio, the Berlin-based travel search and booking platform that saw 98% of its revenues evaporate overnight when COVID-19 hit Europe back in spring 2020. But the c

In Southeast Asia, a booming crypto scene

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the sp

Temasek in talks to invest in Google-backed DotPe

Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to raise about $50 million in a new financing round, a source familiar with the matter

This startup hopes photonics will get us to AI systems faster

The problem with waiting for quantum computing to bring in the next wave of AI is that it’s likely to arrive a lot slower than people would like. The next best options include increasing the speed o

UPSIDE Foods bites into $400M round to serve cultivated meat later this year

Pending regulatory review, the company’s chicken product will be available to consumers in the U.S. later this year.
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