Tag: Asia
Setu raises $15M to help developers connect with banks to offer Indians ‘sachet-sized’ financial products
India’s push to digital payments in the last three years has seen tens of millions of people get comfortable with exchanging money online for the first time. A Bangalore-based startup that is attempting to bring a similar digitization to small businesses just got a nod from high profile investors. Setu,…
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India’s FarEye raises $25M to grow its logistics SaaS startup in international markets
More than 150 e-commerce and delivery companies globally use an Indian logistics startup’s service to work out the optimum way before they ship items to their customers. That startup, Noida-based FarEye, has raised $25 million in a new financing round as it looks to expand its footprint in international markets.…
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Potential new treatment for COVID-19 uncovered by BenevolentAI enters trials
BenevolentAI, a startup which has raised $292 million to apply AI to create drugs faster, today says it has uncovered an already approved drug as a potential treatment for COVID-19, after it applied its AI platform and team to the problem. The revelation, which has now appeared in peer-reviewed scientific…
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Filipino live streaming app Kumu raises $5 million Series A led by Openspace Ventures
Kumu Holdings, a live streaming startup based in the Philippines, announced today it has raised about $5 million in Series A funding, earmarked for new features and growing its operations. The round was led by Openspace Ventures, an early investor in Go-Jek, with participation from Kickstart Ventures, media conglomerate ABS-CBN,…
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Covidmaps lets you find grocery stores and pharmacies in India
More than half a dozen volunteers have banded together in India to launch a crowdsourced tool to help people in the nation identify and locate nearby grocery stores, pharmacies, and cash machines as New Delhi extends the nationwide lockdown to May 3. The service, called Covidmaps, allows people to locate…
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Mighty Jaxx raises $3.2 million for MightyVerse, its platform for tech-enabled collectible figures
Mighty Jaxx, which makes licensed collectibles, has raised 4.5 million Singapore dollars (about $3.2 million) in funding for MightyVerse, its platform for tech-enabled figures. Led by the investment arm of KB Financial Group, one of South Korea’s largest banks, the round also included participation from Greycroft Partners’ gaming fund GC…
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