Indonesian biotech startups introduce saliva-based COVID-19 test kits as infections soar

Could Beijing’s probe of Didi’s data security stymie consumer spending?

Xiaomi-backed autonomous driving decacorn ZongMu nets USD 190 million Series D

Robo-advisor Endowus steps deeper into Singapore’s crowded wealth management sector

The firm is set to expand to Hong Kong by the end of this year. 

Carousell may command USD 1.5 billion valuation with SPAC merger in the United States

Millennials account for 70% of Carousell’s visitors, and one-third of its revenue is from the sales of secondhand vehicles.

Budget hotel startups RedDoorz and Oyo go premium to cash in on changing demand

As domestic travel increases, budget hotel startups are answering staycation and local business travel demand with midscale offerings in Southeast Asia.

Didi sets sights for the largest US IPO in 2021

The company aims to raise up to USD 4 billion in its float.

Sunita Kaur, senior vice president at Twitch, on building her own board of directors and why ‘speaking up’ is not a true marker of leadership

Sunita Kaur shares her learnings from leading teams at tech giants such as Twitch, Facebook, Microsoft and Spotify.

Fully automated convenience store chain Bianlifeng heads to New York for IPO, sources say

With proprietary products, no cashiers, and millions in funding, Bianlifeng is taking on convenience store giants in China.

Cloud-based 3D design platform Realibox closes Series A for interactive collaborations

The startup offers a real-time collaboration platform for designers in a variety of sectors, including industrial equipment, fashion, and textiles.

Flipkart and Amazon to face new regulatory challenges in India

The new rules prohibit e-tailers from hosting flash sales and mandates they appoint a grievance officer to address consumer complaints.

Singapore is laying the groundwork to snatch a piece of fintech’s multi-trillion-dollar industry

Open banking initiatives benefit “embedded fintech” solutions that are set to grow into a USD 3.6 trillion market, according to Bain Capital.

As the sector booms, Chinese EV makers struggle to stand out from the crowd

Despite the growing popularity of electric cars in China, few automakers have managed to set themselves apart from the competition.

Indian SaaS company BrowserStack becomes unicorn with USD 200 million check from BOND

At a USD 4 billion valuation, BrowserStack has emerged as the most valuable SaaS company from India, leaving behind Freshworks, which is preparing to go public in the US.

Modi woos global tech investors to land of 1.2 billion mobile phones

Prime Minister Narendra Modi on Wednesday invited the world to invest in India, saying the South Asian nation offers what innovators and investors need. “India’s strides in the world of te

Serial entrepreneurs are changing early-stage investments in India

In 2019, India added over 1,300 new startups. In 2020—amid the COVID-19 pandemic—around 7,000 companies were formed.

Chinese SaaS provider Xiaoetong nabs USD 120 million from Hillhouse, more

Xiaoetong’s platform offers its 1.6 million clients a virtual headquarters to manage their online activities.

As courier abuses go viral in Indonesia, should e-commerce platforms eliminate cash on delivery?

Customer misunderstanding of cash on delivery is a big part of the problem, experts say.

AirAsia to launch grocery delivery service in Singapore

AirAsia is calling for interested fresh produce and grocery merchants in the city-state to join its delivery platform.

Koo stages a coup on Twitter in India

Downloads of Koo’s app skyrocketed after Indian ministers asked their followers to move from Twitter to the Indian platform.

Semiconductor squander: China’s chip drive leaves unqualified projects languishing

China’s public and private sectors are trying to accelerate the country’s domestic chip-making capabilities, but enthusiasm doesn’t always yield efficiency.

Israeli startups smash funding records, reel in USD 10.5 billion in 6 months

Israel recorded an increase of 137% in funding growth for the first five months of 2021 compared to the same period last year.

GGV Capital leads USD 20 million Series A round in sales intelligence startup Slintel

While Slintel focuses on the US, EU, and APAC markets, it saw many inbound leads from India and Asia last year.

Thai firm Synqa wants to expand blockchain payment solutions in Southeast Asia | Startup stories

The firm is set to expand to Indonesia, Malaysia, and Vietnam in the next two years.

BukuWarung snags USD 60 million in new round led by Peter Thiel’s Valar Ventures and Goodwater

There is increased interest in Indonesia from American VCs, BukuWarung co-founder says.

How Meituan outcompeted Trip.com to become China’s hotel booking king

To the surprise of many, China’s largest OTA is Meituan, an internet behemoth that’s mostly known as a food delivery giant.

China’s tech workers pushed to limits by surveillance software

A vicious cycle of monitoring and overwork is fueling productivity—and backlash.

Tiger-backed Indian logistics tech startup Locus raises USD 50 million

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.

Deep tech startups are gems for investors with an appetite for risk, says Yoke Sin Chong of iGlobe Partners

Often the only Asian VC in the deals it is involved in, iGlobe Partners connects western and Asian startup networks to invest in game-changing innovations.

Amid healthy investor appetite, Southeast Asia’s first agritech accelerator sees sector maturing

The ten startups in the second edition of the accelerator program each receive USD 10,000 in cash and USD 100,000 in-kind investment.

Digital payments firm Paytm eyes a USD 3 billion IPO this year

Paytm, India’s most valued startup at USD 16 billion, has become the latest high-profile company looking to go public.

Top 3 contributor stories | Oasis May features

We reflect on our role in media, while looking at the impact others have made in their respective societies.

VIDEO | KrASIA tries Baidu’s first commercial autonomous ride-hailing service in China

Are self-driving cars ready for the masses? Probably not, but rides are being tested in Beijing right now.

Second wave of the pandemic sends Indian startups back to the drawing board

Startups in Mumbai, Bengaluru, Hyderabad, and Delhi have witnessed dozens of its employees, key leaders, as well as founders falling prey to the virus.

Kuaishou kicks off cross-border sales to boost growing e-commerce presence

Kuaishou is onboarding international vendors mainly offering cosmetics, skincare products, food, watches, and luxuries.

E-commerce fraud prevention firm Forter raises USD 300 million

With the current round, Forter almost tripled its valuation to USD 3 billion to become the most valuable privately-held company in the industry.

India’s venture debt fund Stride Ventures announces the launch of second fund

Indian venture debt funds raised a total of USD 85 million in FY 21, up from USD 62 million raised in FY 20.

Indonesian crypto exchange Pintu bags funding from Pantera Capital and Coinbase

Pintu founder Jeth Soetoyo previously launched the stablecoin Rupiah Token.

To deal with e-commerce waste, Indonesians are taking matters into their own hands | Tech in Culture

Indonesia still lacks proper waste management systems, which has led startups to create new green alternatives.

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Amazon injects USD 30 million into its Indian payment arm to further expansion

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