Asia
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.
South Korea’s Klaytn partners with US’s OpenSea to spur growth in Asia
South Korea-based metaverse blockchain ecosystem Klaytn Foundation has joined forces with United States based marketplace for non-fungible tokens (NFTs) OpenSea, to invest in the Asian NFT ecosystem. The partnership, which was announced at NFT.NYC, is the first-of-its-kind dedicated to accelerating the growth and adoption of NFTs in Asia.
dHost lauches new identity and announces regional expansion in APAC
dHost, an in-building neutral hosting service provider and technology enabler, announced on Friday its new brand identity, reflecting expanded technology solutions and new verticals strategy in APAC & Japan. The announcement signifies dHost’s commitment to help mobile network operators and industries to take on technology risk and upfront investment costs -…
Hong Kong’s SleekFlow bags $8M Series A funding led by Tiger Global
Following its seven-figure pre-Series A funding round last year, Alibaba Entrepreneur Fund-backed software as a service (SaaS) omnichannel social commerce platform SleekFlow announced Thursday the completion of its $8 million Series A funding round, led by New York-based investment firm Tiger Global Partners.
