Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO

Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media […]

India’s Groww in talks to raise funds at a $3 billion valuation

Groww, an Indian startup that is helping millennials invest in mutual funds and stocks, is in advanced stages of talks to raise a new financing round at a $3 billion valuation, according to six people familiar with the matter. The Bangalore-based startup is negotiating to close a $250 million round, the people said, requesting anonymity […]

Amu Darya, Brahmaputra, Ganga, Indus, Irrawaddy, Mekong, Yangtze

The Third Pole is a multilingual site focused on the Himalayan Mountains, the rivers that originate there and the stories of the peoples who live in its watersheds. Stories on unravelling air pollution in Asia. Songs about loss, longing and rivers in …

Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund

Southeast Asia’s funding boom is set to continue, with Jungle Ventures announcing today the $225 million first close of its fourth fund. Fund IV started raising in mid-May and is targeting a total of $350 million. The majority of its limited partners are returning from previous funds, and include Temasek Holdings, IFC (which put $25 […]

‘£3k just to hold the bed’: Exorbitant Covid care costs push Indians into poverty

A struggling healthcare system and inflated prices mean hospital treatment can result in a lifetime of debt for manyCoronavirus – latest updatesSee all our coronavirus coverageAnil Goel remembers the night in May when he received a call from his desper…

Microsoft confirms investment in India’s Oyo in a multi-year strategic deal to co-develop travel and hospitality products

Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s announcement confirms a late July TechCrunch report. TechCrunch had reported that Microsoft was in talks to invest in Oyo and was exploring ways to provide its technologies to the Indian […]

Leap Finance raises $55 million to help Indian students study abroad, plans international expansion

Hundreds of thousands of teenagers and young adults get on flights each year from India to a foreign land to pursue higher education. Upon landing, they face myriad challenges. One big one: They don’t have a local credit history, so they can’t avail a range of financial services, including a loan or a credit card […]