Singapore’s logistics tech startup Parcel Perform raises $20 million

Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round as it scales its business in several parts of the world. Cambridge Capital led the logistics tech startup’s Series A financing round, while SoftBank Ventures Asia and existing […]

Zomato’s losses widen in first quarterly earnings since IPO

Zomato’s losses more than tripled in its first quarterly earnings report since its listing last month as the company’s expenses grew and the pandemic hit the firm’s dining-out business. The Gurgaon-headquartered firm reported (PDF) a net loss of $48 million in the quarter that ended in June, up from about $13.5 million during the same period […]

Twitter now in compliance with India’s new IT rules, government says

Twitter is now complying with India’s new IT rules, New Delhi told a court Tuesday, in a move that is expected to ease months-long tension between the American social media network and the government of the key overseas market. A lawyer representing the Indian government told the Delhi High Court that Twitter’s recent steps — appointment […]

Japan’s TechnoPro acquires India’s Robosoft for $108 million

Robosoft Technologies, an India-headquartered maker of digital solutions, said on Tuesday it has reached a definitive agreement to sell the business to Japan’s IT services firm TechnoPro for $108 million. Founded in 1996, Robosoft Technologies started its journey as a software services firm specialising on the Mac platform and then offered app development as a […]

India’s UpGrad enters unicorn club with $185 million fundraise

UpGrad, a Bangalore-based startup that specializes in higher education and upskilling courses, hit a valuation of $1.2 billion with a $185 million funding round Monday as global investors plow record capital into firms in the world’s second largest internet market. Singapore’s Temasek led the financing round while the World Bank’s International Finance Corporation and IIFL participated. […]

India’s Vedantu not in talks to sell to Byju’s, top exec says

Indian online learning platform Vedantu is not engaging to sell the firm to edtech giant Byju’s, a top executive said on Friday. A report by Indian news outlet Entrackr said early Friday that Byju’s had offered $700 million to $800 million to acquire Bangalore-based Vedantu, which counts Accel and GGV Capital among its investors. In a […]