Tag: Asia
Ola opens its tech platform to Indian government to combat coronavirus crisis
As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and…
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Autofleet raises $7.5M to help fleets put idle vehicles into drive
On-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit. It’s a sweet spot that can be difficult, if not impossible, to find. Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery services,…
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India says video conference app Zoom is ‘not safe’
India said today Zoom is ‘not a safe platform’ and advised government employees to not use it as the video conference service surges in popularity in many nations including the world’s second largest smartphone market as billions of people remain stuck at home due to the coronavirus crisis. “Zoom is a…
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India’s NoBroker raises an additional $30M from General Atlantic
NoBroker, a Bangalore-based startup that helps those looking to rent or buy an apartment connect directly with property owners, has extended its previous financing round to add $30 million to it. General Atlantic has invested $30 million in NoBroker’s Series D round, which the startup unveiled in October last year.…
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TSMC reports $3.9B Q1 profit, but slashes outlook for the year
Taiwan Semiconductor Manufacturing Company (TSMC) beat analyst estimates after reporting its net profit almost doubled in the quarter that ended in March, and said it was hopeful to sustain momentum in the current quarter but slashed its industry and foundry outlook for the year. The Taiwan-headquartered company, which counts Apple…
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Financial tech startup Previse raises $11 million to help suppliers get paid faster
Previse, a fintech focused on helping suppliers get faster payment, announced that it has raised $11 million in new funding led by Reefknot Investments and Mastercard. Returning investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech also participated. Founded in 2016, Previse says it currently processes about 100,000 invoices a…
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