Israeli fintech sector raises record USD 2.3 billion in H1 2021, report says

SoftBank-backed Unacademy closes USD 440 million round, valuation shoots up 70% to USD 3.44 billion

SoftBank zeroes in on Southeast Asia in search of next Grab

Unitree Robotics nabs Series A investment led by Shunwei Capital

The company provides robotic dogs to a variety of consumer and enterprise customers for a fraction of the price of Boston Dynamics’ more versatile Spot.

4 thoughts on audio social platforms from Vikas Malpani, co-founder of Leher

Leher came into the limelight last year when it opened up its platform for users to create private groups, much like Clubhouse.

Fintech firm Behalf raises USD 100 million to expand B2B ‘buy now, pay later’ feature

Behalf’s solution provides B2B merchants with consumer-focused “buy now, pay later” offerings along with other capabilities tailored to B2B commerce.

DJI’s autonomous vehicle ambitions have yet to materialize

The Chinese drone maker is making a second push into an increasingly narrow lane packed with the country’s other ambitious autonomous vehicle makers.

Microsoft may invest in SoftBank-backed Oyo at USD 9 billion valuation: Report

Oyo’s valuation had dropped to USD 8 billion in mid-2020 amid the COVID-19 pandemic, from USD 10 billion in November 2019.

Competition Commission of India to tighten its grip on digital companies

CCI has been quite active in investigating internet companies that are allegedly exploiting their dominant position in the market.

Hefei’s risky investment strategy paid off handsomely, here’s how the city did it

Hefei’s playbook involves active scouting, fiscal benefits, and a steady stream of incentives for workers to entice major tech companies.

Hefei grew its GDP 2,600% in 20 years to become one of China’s fastest-growing cities

The bold strategy to invest in three companies led to explosive growth in Hefei’s jobs, GDP, and return on investment.

GoodsMart raises USD 3.6 million to grow contactless grocery delivery platform

The startup works with different suppliers, giving users the option to order groceries, medicines, and other products.

Chip designer Yusur completes Series A financing to hone DPU tech

Yusur designs DPUs that offer low-latency, decentralized processing across cloud networks.

Pakistan’s Dastgyr raises USD 3.5 million seed for its B2B e-commerce marketplace

In addition to launching its fintech offerings, Dastgyr plans to use the investment to enhance its technology and scale operations.

Myanmar rights groups file complaint to OECD against Telenor over ‘irresponsible’ sale of business

With 18.2 million subscribers, Telenor’s sale of its Myanmar business leaves some users worried about the transfer of their data to a new telco.

Taboola to buy US ad solutions firm Connexity for USD 800 million

Connexity is one of the world’s largest e-commerce media platforms, with over 1,600 direct merchants and 6,000 publishers.

Checks get fatter for India’s early-stage startups

Indian startups raised a whopping USD 12.1 billion across 382 deals—exactly half the number of deals VCs participated in last year to invest USD 11.1 billion.

Krafton expects IPO success as big investors show interest

South Korean game developer downplays overvaluation concerns.

ByteDance searches for new monetization channels | China Venture Roundup Volume 45

China Venture Roundup Volume 45 covers China’s investment activity from July 12 to July 18, 2021.

Zomato makes steller debut on bourses, market cap hits INR 1 trillion

Zomato’s IPO—India’s biggest so far this year—was sold in a price band of INR 74–76 a share from July 14–16.

Byju’s buys US-based edtech startup Epic for USD 500 million

Having raised over USD 850 million this year so far, on top of the USD 1 billion-plus funding it received from investors in 2020, the company is likely to continue its acquisition spree.

Ant Group director sees relaunch of IPO ‘before too long’

Primavera’s Fred Hu: crackdown will make China tech sector ‘more competitive.’

India’s Uber for trucks, BlackBuck, reaches unicorn status with latest USD 67 million funding

The company has raised USD 297 million via equity and debt funding from Accel, Apoletto Asia, B Capital, Goldman Sachs, and e-commerce retailer Flipkart.

India’s offline traders are taking on Flipkart and Amazon head-on

Offline traders chart their own e-commerce journeys as CCI investigates Flipkart and Amazon.

Meet China’s cybersecurity watchdog | China Venture Roundup Volume 44

China Venture Roundup Volume 44 covers China’s investment activity from July 5 to July 11, 2021.

Cloudwalk to be the first of China’s 4 ‘AI dragons’ to go public

The other “dragons”—Yitu, SenseTime, and Megvii—are in varying stages of their IPO processes.

As the short-video wave crests, ByteDance accelerates monetization through new verticals

A slowdown in short-video growth triggers ByteDance’s search for other monetization methods in e-commerce, on-demand services, and healthcare.

Israel’s MDClone uses synthetic data to help health providers roll out better, smarter care

MDClone has developed a platform to organize and democratize healthcare data in real-time to allow for access, analytics, and research, without infringing upon patient privacy.

Cybertino Lab launches NFT marketplace for influencers to create and trade digital assets

The company’s platform enables online influencers to mint NFTs for sale and may develop blockchain-powered virtual avatars.

SPAC-ing the Southeast Asia story

Can SPACs inject the capital, exposure, and global recognition needed to take the Southeast Asian tech ecosystem to the next level?

These 4 Singaporean companies are changing healthcare as we know it

As the nature of healthcare changes, several companies rooted in Singapore are developing new products and services that will reshape patient care.

China’s digital yuan pilot tally reaches USD 5.3 billion in six months

Central bank white paper notes plans for more trials but no rollout date.

Baidu Apollo’s autonomous vehicles cruise in four cities while regulators constrict data collection for cars

The company has plans to operate passenger services in 30 cities by 2024.

The good, the bad, and the unexpected: What entrepreneurs learned from building a startup in 2021

Founders from the recent Antler SEA cohort shared their journeys as leaders of early-stage startups.

Fintech startup Junio aims to help children establish good saving habits

Sequoia Capital, Y Combinator, Better Capital, and other VCs have placed big bets in a handful of financial services companies aimed at kids.

Merck Accelerator China announces 2021 cohort with focus on AI and biotech

Participating startups can benefit from Merck Group’s commercialization, industry connections, and capital investment.

Israeli tech firms break funding records again, raise USD 11.9 billion in first half of 2021

Foreign investors put in over USD 4.5 billion in capital in H1 2021, while Israeli investors invested over USD 1.6 billion, according to the report.

Moying Robotics closes Series A for advanced logistics automation

The company’s robots can autonomously complete a range of high-precision tasks in sectors like biotech and semiconductors.

Here’s everything you’ll find in your fully autonomous vehicular future

With futuristic cockpits and automated driving becoming reality, will manual driving become a thing of the past?

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GM says Chevrolet Bolt EV battery production resumes

The Wild Beyond the Witchlight campaign is Dungeons & Dragons for theater kids

CATEGORIES

Kuaishou adds informative livestreamed content as growth in entertainment vertical stalls

Alibaba and Tencent weigh openings in ‘walled gardens’ to make services accessible to each other, report says

Food delivery platform Elmenus raises USD 10 million from Fawry and Luxor Capital

Student-run Indian accelerator Conquest concludes the first round of its 17th cohort

SoftBank’s investment strategy in China unchanged: CFO

Egypt’s Yodawy raises USD 7.5 million Series B for its digital pharmacy marketplace

The tide turns for Chinese tech IPOs in the US

Cloud computing provider Singularity Data raises USD 10 million angel round

China to require review of overseas IPOs by companies with data on 1 million users

First-gen entrepreneurs value what Investcorp brings to the table, head of private equity Gaurav Sharma says

Southeast Asian countries tighten the screws on Binance, clearing path for CBDCs

Tencent launches facial recognition function to regulate minors’ time spent gaming

Indian SaaS firms can create USD 1 trillion in value by 2030, report says

4 takeaways from Boku’s deep dive into Southeast Asia’s mobile payments landscape

Alibaba-backed LinkDoc suspends US IPO as Didi fallout spreads

Indian fintech company Clear acquires B2B payments startup yBanq to expand services

China to put overseas-listed tech companies on shorter leash

Egypt’s MaxAB closes USD 40 million Series A to fuel expansion of B2B e-commerce platform

JD.id to open new offline store in July, strengthen O2O presence

Can Honor stand on its own after its separation from Huawei?