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Indian Social Media Platform ShareChat Cashes in on US$40M Pre-Series E

With the funding, ShareChat is looking to give a boost to its TikTok alternative Moj Indian social media company ShareChat has raised US$40 million in a pre-Series E round of financing, the company announced in a statement late last week. Investors in the pre-Series E include SAIF Partners, Twitter, Lightspeed Ventures and India Quotient, joined […]

Indian Social Media Platform ShareChat Cashes in on US$40M Pre-Series E Read More »

With the funding, ShareChat is looking to give a boost to its TikTok alternative Moj Indian social media company ShareChat has raised US$40 million in a pre-Series E round of financing, the company announced in a statement late last week. Investors in the pre-Series E include SAIF Partners, Twitter, Lightspeed Ventures and India Quotient, joined

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Lever VC’s RMB200M Lever China Fund Closes First Investments in Alternative Protein Startups

The Lever China Fund supports local Chinese innovators targeting the alternative proteins market The Lever China Alternative Protein Fund (Lever China Fund), run by U.S.- and Hong Kong-based alternative protein-focused venture capital fund Lever VC, has completed its first five investments, according to a statement released today. The funding was channeled towards five Chinese early-stage

Lever VC’s RMB200M Lever China Fund Closes First Investments in Alternative Protein Startups Read More »

The Lever China Fund supports local Chinese innovators targeting the alternative proteins market The Lever China Alternative Protein Fund (Lever China Fund), run by U.S.- and Hong Kong-based alternative protein-focused venture capital fund Lever VC, has completed its first five investments, according to a statement released today. The funding was channeled towards five Chinese early-stage

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Sequoia Capital Leads US$12M Funding Round In Chinese AI Startup Recurrent.ai

Including the latest financing, the startup has raised over US$22 million to date   Chinese artificial intelligence (AI) startup Recurrent.ai, which provides AI-enabled corporate services to improve sales efficiency, has secured US$12 million in a new financing round led by Sequoia Capital China, the startup announced in a statement yesterday.   The round saw participation from

Sequoia Capital Leads US$12M Funding Round In Chinese AI Startup Recurrent.ai Read More »

Including the latest financing, the startup has raised over US$22 million to date   Chinese artificial intelligence (AI) startup Recurrent.ai, which provides AI-enabled corporate services to improve sales efficiency, has secured US$12 million in a new financing round led by Sequoia Capital China, the startup announced in a statement yesterday.   The round saw participation from

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Indonesian Cloud Kitchen Yummy Corp Gains US$12M in Series B Funding

Yummy Corp will be channeling the funds towards expanding within Indonesia, and bolstering its tech capabilities including AI and data Jakarta-based cloud kitchen management company Yummy Corp has raised US$12 million in a Series B round of funding, the company announced in a statement today. SoftBank Ventures Asia was the lead investor in the Series

Indonesian Cloud Kitchen Yummy Corp Gains US$12M in Series B Funding Read More »

Yummy Corp will be channeling the funds towards expanding within Indonesia, and bolstering its tech capabilities including AI and data Jakarta-based cloud kitchen management company Yummy Corp has raised US$12 million in a Series B round of funding, the company announced in a statement today. SoftBank Ventures Asia was the lead investor in the Series

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[Press Release] WeWork Announces $200 Million Investment in WeWork China Led by Trustbridge Partners

WeWork, the world’s leading flexible space provider, today announced a $200 million follow-on investment in WeWork China led by Trustbridge Partners. Since 2018, Trustbridge has played a critical role in the company’s development across the region and this investment further cements our continued partnership.   In the four years since opening its first location in

[Press Release] WeWork Announces $200 Million Investment in WeWork China Led by Trustbridge Partners Read More »

WeWork, the world’s leading flexible space provider, today announced a $200 million follow-on investment in WeWork China led by Trustbridge Partners. Since 2018, Trustbridge has played a critical role in the company’s development across the region and this investment further cements our continued partnership.   In the four years since opening its first location in

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Indian Fintech Startup Vivriti Capital Secures US$13.5M Series B+

Vivriti Capital’s enterprise debt platform CredAvenue has facilitated debt processing of over US$4 billion since its inception in 2017   Enterprise debt and asset management startup Vivriti Capital has raised approximately US$13.5 million (INR 100 crores) in its Series B extension round led by U.S.-based Creation Investments Capital Management, the startup announced in a press

Indian Fintech Startup Vivriti Capital Secures US$13.5M Series B+ Read More »

Vivriti Capital’s enterprise debt platform CredAvenue has facilitated debt processing of over US$4 billion since its inception in 2017   Enterprise debt and asset management startup Vivriti Capital has raised approximately US$13.5 million (INR 100 crores) in its Series B extension round led by U.S.-based Creation Investments Capital Management, the startup announced in a press

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Razer Fintech Partners With Perx Technologies To Redefine Neobanking Experience Through Gamification

Razer Fintech experienced unprecedented growth of 114.3% YoY in H1 2020, processing US$1.8 billion in total payment value   Razer Fintech, the fintech arm of global gaming giant Razer Inc, has entered into a strategic partnership with Singaporean lifestyle marketing Software-as-a-Service (SaaS) platform Perx Technologies, to transform its neobanking experience through gamification, Perx announced in

Razer Fintech Partners With Perx Technologies To Redefine Neobanking Experience Through Gamification Read More »

Razer Fintech experienced unprecedented growth of 114.3% YoY in H1 2020, processing US$1.8 billion in total payment value   Razer Fintech, the fintech arm of global gaming giant Razer Inc, has entered into a strategic partnership with Singaporean lifestyle marketing Software-as-a-Service (SaaS) platform Perx Technologies, to transform its neobanking experience through gamification, Perx announced in

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Malaysian Co-working Space WORQ Secures US$2.4M Funding

The funds will enable WORQ to expand its managed co-working space to one million square feet Malaysia-based co-working space WORQ has raised RM10 million (US$2.4 million) in a venture funding round, the company announced in a statement today. The round was raised from seven of the company’s existing backers. While the full list of investors

Malaysian Co-working Space WORQ Secures US$2.4M Funding Read More »

The funds will enable WORQ to expand its managed co-working space to one million square feet Malaysia-based co-working space WORQ has raised RM10 million (US$2.4 million) in a venture funding round, the company announced in a statement today. The round was raised from seven of the company’s existing backers. While the full list of investors

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[Press Release] ZALL Smart Commerce Group To Expand Its Singapore Operations

SINGAPORE, 23 September 2020 – Asia’s leading B2B e-commerce group, ZALL Smart Commerce Group (ZALL), announced that it will be expanding the scale of its operations and investments in Singapore. ZALL will invest in its Singapore business, including Commodities Intelligence Centre (CIC), a Joint Venture between ZALL, the Singapore Exchange (SGX) and Global eTrade Services (GeTS). It has increased

[Press Release] ZALL Smart Commerce Group To Expand Its Singapore Operations Read More »

SINGAPORE, 23 September 2020 – Asia’s leading B2B e-commerce group, ZALL Smart Commerce Group (ZALL), announced that it will be expanding the scale of its operations and investments in Singapore. ZALL will invest in its Singapore business, including Commodities Intelligence Centre (CIC), a Joint Venture between ZALL, the Singapore Exchange (SGX) and Global eTrade Services (GeTS). It has increased

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[Press Release] Is the Financial Services industry trusted in Hong Kong?

Is the Financial Services industry trusted in Hong Kong? The Financial Services sector presently has a strategic opportunity to deliver a more sustainable and equitable revival in Hong Kong based on growing trust with the general public, says Gary Hwa, EY Asia-Pacific Financial Services Regional Managing Partner and EY Global Financial Services Markets Executive Chair.

[Press Release] Is the Financial Services industry trusted in Hong Kong? Read More »

Is the Financial Services industry trusted in Hong Kong? The Financial Services sector presently has a strategic opportunity to deliver a more sustainable and equitable revival in Hong Kong based on growing trust with the general public, says Gary Hwa, EY Asia-Pacific Financial Services Regional Managing Partner and EY Global Financial Services Markets Executive Chair.

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Chinese Regulators Impose US$9M Fine For Fraud On Luckin Coffee and 43 Implicated Companies

The penalty comes six months after Luckin acknowledged the fraud and more than a month after Chinese regulators concluded their investigation China’s top commerce watchdog, the State Administration for Market Regulation (SAMR), along with Shanghai and Beijing market regulators, have imposed a fine of RMB 61 million (roughly US$9 million) on Chinese coffee-chain Luckin Coffee

Chinese Regulators Impose US$9M Fine For Fraud On Luckin Coffee and 43 Implicated Companies Read More »

The penalty comes six months after Luckin acknowledged the fraud and more than a month after Chinese regulators concluded their investigation China’s top commerce watchdog, the State Administration for Market Regulation (SAMR), along with Shanghai and Beijing market regulators, have imposed a fine of RMB 61 million (roughly US$9 million) on Chinese coffee-chain Luckin Coffee

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Singapore Digital Wealth Management Platform Syfe Pulls In US$18.6M Series A

Syfe has recorded ten-fold growth in users and assets under management Singapore-based digital wealth management platform Syfe has closed a Series A round of funding with gains of SG$25.2 million (US$18.6 million), the company announced in a statement today. The round was led by U.S.-based venture capital firm Valar Ventures, and saw participation from Apeiron

Singapore Digital Wealth Management Platform Syfe Pulls In US$18.6M Series A Read More »

Syfe has recorded ten-fold growth in users and assets under management Singapore-based digital wealth management platform Syfe has closed a Series A round of funding with gains of SG$25.2 million (US$18.6 million), the company announced in a statement today. The round was led by U.S.-based venture capital firm Valar Ventures, and saw participation from Apeiron

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Hong Kong’s Plant-Based Food Company Green Monday Bags US$70M

Green Monday Holdings aims to expand its presence in Asia, EMEA and North America over the next six months   Hong Kong-headquartered plant-based food producer Green Monday Holdings has secured US$70 million in a fresh round of financing, the company announced in a press release today. The round was led by TPG’s The Rise Fund

Hong Kong’s Plant-Based Food Company Green Monday Bags US$70M Read More »

Green Monday Holdings aims to expand its presence in Asia, EMEA and North America over the next six months   Hong Kong-headquartered plant-based food producer Green Monday Holdings has secured US$70 million in a fresh round of financing, the company announced in a press release today. The round was led by TPG’s The Rise Fund

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Baidu-Backed Chinese EV Maker WM Motor Rakes In Record Funding with US$1.5B Series D

The funding will be channeled towards R&D and brand-building efforts at WM Motor Chinese electric vehicle (EV) maker WM Motor has completed a hefty Series D round, bagging RMB10 billion (US$1.5 billion at current rates) in what is one of the biggest venture capital investment rounds so far this year, the company announced in a

Baidu-Backed Chinese EV Maker WM Motor Rakes In Record Funding with US$1.5B Series D Read More »

The funding will be channeled towards R&D and brand-building efforts at WM Motor Chinese electric vehicle (EV) maker WM Motor has completed a hefty Series D round, bagging RMB10 billion (US$1.5 billion at current rates) in what is one of the biggest venture capital investment rounds so far this year, the company announced in a

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[Press Release] EY Webcast: COVID-19 and digital transformation is pushing cybersecurity risk up the agenda for companies in Asia-Pacific

EY Webcast: COVID-19 and digital transformation is pushing cybersecurity risk up the agenda for companies in Asia-Pacific EY polled more than 350 participants in Asia-Pacific during a webcast on trends in cybersecurity; EY member firm partners shared their thoughts on the steps that companies must take to protect themselves ·       Nearly one-third (30.6%) of webcast

[Press Release] EY Webcast: COVID-19 and digital transformation is pushing cybersecurity risk up the agenda for companies in Asia-Pacific Read More »

EY Webcast: COVID-19 and digital transformation is pushing cybersecurity risk up the agenda for companies in Asia-Pacific EY polled more than 350 participants in Asia-Pacific during a webcast on trends in cybersecurity; EY member firm partners shared their thoughts on the steps that companies must take to protect themselves ·       Nearly one-third (30.6%) of webcast

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Australian Education Company iCollege Acquires Indian Bootcamp Operator The Hacking School

iCollege’s acquisition of The Hacking School will enable it to introduce its programs to India, and scale The Hacking School’s bootcamps globally India-based coding bootcamp services provider The Hacking School has been acquired by Australian education company iCollege, according to a statement released by the company yesterday. The deal, negotiations for which were underway for

Australian Education Company iCollege Acquires Indian Bootcamp Operator The Hacking School Read More »

iCollege’s acquisition of The Hacking School will enable it to introduce its programs to India, and scale The Hacking School’s bootcamps globally India-based coding bootcamp services provider The Hacking School has been acquired by Australian education company iCollege, according to a statement released by the company yesterday. The deal, negotiations for which were underway for