Asia
India’s MoHash raises $6M seed funding led by Quona and Sequoia Capital India
MoHash, an India-based decentralized finance (DeFi) protocol, announced Thursday that it has raised $6 million seed funding led by Quona and Sequoia Capital India which aims to offer global capital access to private debt in high growth economies and creating liquidity. The round also saw participation from Jump Crypto, Hashed Ventures, Coinbase Ventures,…
Newly launched Saison International takes the reins of parent company’s global business to triple profits in high-growth markets
Credit Saison (“Credit Saison Co., Ltd”, “TYO:8253”) is putting its weight behind a strategy for all investment and innovation activities outside of Japan with the launch of a newly structured global business division, Saison International, that has an investment of $670M to date.
UK’s Ascential acquires Singapore e-commerce services provider Intrepid for up to $250M
Ascential plc, the specialist information, analytics and eCommerce optimisation company in the United Kingdom, has acquired Intrepid E-Commerce Services Pte. Ltd. (Intrepid), a provider of eCommerce execution services to brands in Singapore. The maximum total consideration payable for Intrepid, in the event that very stretching targets are reached, is…
India’s Fitmint raises $1.6M seed funding led by General Catalyst
Bengaluru-based move-to-earn startup Fitmint announced Wednesday it has raised seed funding of $1.6 million from multiple venture capital firms and institutional investors. This seed fundraising round was led by renowned international venture capital firm General Catalyst, and it also witnessed participation from iSeed, Kearny Jackson, Dweb3 and 1947 Rise,…
Franklin Templeton launches first Asian FinTech incubator in Singapore
Franklin Templeton, one of the world’s largest independent asset managers, on Tuesday officially opened its first Asian FinTech incubator in the heart of Singapore. The new Franklin Templeton Singapore FinTech Incubator is a joint incubation program for early-stage FinTech startups in partnership with F10 Global Innovation Network Singapore Pte. Ltd.……
Bertelsmann India Investments plans funding exceeding $500M to back tech startups
German media, services, and education company Bertelsmann said Tuesday that its strategic investment arm Bertelsmann India Investments (BII) has raised $500 million to back Indian technology startups. Bertelsmann has implemented its group-wide Boost 25 strategy, and plans to invest between €5 billion ($5.29 billion) and €7 billion ($7.4 billion) by 2025 as…
India’s Progcap raises $40M from Creation Investments, Tiger Global and Google
Progcap, a pioneer in corporate-led financing solutions for small and mid-size businesses (SMBs) in India, said Tuesday it has raised $40 million in private equity capital at $600 million valuation as part of its Series C extension, taking the total Series C round to $70 million. The funding was led by Creation Investments and Tiger Global Management, with…
Bangladesh’s ShopUp announces $65M follow-on round led by Peter Thiel’s Valar Ventures
The company had previously completed a $109 million Series B Peter Thiel’s Valar Ventures leads $75 million Series B in Bangladesh’s ShopUp">six months ago.
Infobip launches ID1 Data Center to support the accelerating growth of digital transformation in Indonesia and APAC
Located in West Java, the move is aligned with the strategic direction of Indonesia's Digital Roadmap 2021 to 2024 wherein it aims at developing an inclusive, safe, and reliable digital and connectivity infrastructure with high-quality services.
