Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a “one-stop shop” for people’s investments and expenses, a top executive said on Monday. Tiger Global, Steadview Capital, and Dragoneer co-led the startup’s $75 million Series D funding, said Ashish Kashyap, founder and […]
AI chip designer Moffett AI raises ‘tens of millions of dollars’ in Series A round
China’s call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A injection. The company did not disclose the exact amount, only saying that the proceeds were in the “several tens of millions of dollars.” The round was […]
Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push
nCore Games has raised $10 million in a new financing round as the top Indian gaming firm gears up to launch web3 offerings, its top executives said Monday. Animoca Brands and Galaxy Interactive, two high-profile investors in the crypto space, led the funding. Polygon, a popular layer 2 Ethereum scaling solution, and Hyperedge Capital also […]
China’s robotaxis charged ahead in 2021
Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a new pilot program or a small-scale service. These press releases, often dotted with regulatory jargon and flowery language to aggrandize the companies’ […]
EVage raises $28M to be a driving force in India’s commercial EV revolution
A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehicle startup EVage. The startup already has five EV trucks on the road for a range of e-commerce customers including Amazon India’s Delivery Service Partner, with […]
Turnip raises $12.5 million for its mobile-first gaming community platform
Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprints in India and dozens of other countries and dabble with web3 as it looks to broaden its product offerings. Greenoaks and Elevation Capital co-led the one-and-a-half-year-old startup’s Series A round. […]
India’s LEAD School becomes unicorn with fresh $100M in funding
Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high school preparing for competitive exams. LEAD School, a nine-year-old startup, is addressing this […]
Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation
The vast majority of e-commerce customers prefer to preview the product before making the purchase. That’s the reason why the likes of Amazon have historically struggled to move fashion and home decor items online. A San Francisco and Bengaluru-based startup is attempting to solve this problem and has just raised a new funding round to […]
Nigerian ethical credit-recovery fintech Bfree secures $1.7M, expands to Asia, Europe, South America and across Africa
Bfree, a Nigerian credit management fintech has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures, and […]
Roblox pauses service in China as it takes ‘important transitory actions’
On December 8, Roblox’s Chinese version LuoBuLeSi, published and operated by Tencent, abruptly closed down its server five months after it launched on iOS and Android. Many users, taken by surprise, took to Chinese social media to complain about the short notice. What users had been playing was in fact an “archive-deleting test version,” LuoBuLeSi […]