Accelerators & Incubators
Policy & Regulation
Chinese AI Unicorn Megvii Announces Plan to Expand Footprint in Smart Logistics
The firm also announced on the same day the establishment of an AI logistics industry alliance, which brings together over leading 30 institutions and enterprises in the field.
Kora Investments Adds $52 Mn to Indian Zomato’s Pre-IPO Round
The fresh infusion is part of a targeted $600 million growth funding round, dubbed a Series J round, that Zomato intends to close before it hits the public market in 2021.
Hong Kong Logistics Unicorn Lalamove Unveils Foray into The US
Lalamove claims it has to date matched more than 7 million users with a pool of over 700,000 delivery partners in 22 markets around the world.
Indonesian Bukalapak Launches New Fintech Unit Buka Investasi Bersama
The current offering is an extension of the financial services it has been providing since 2016. The company already runs BukaReksa, which also provides mutual funds services.
Chinese Unicorn Terminus Announces World's First AI City
The company also announced plans to establish its first overseas headquarter and R&D center in Dubai, located in District 2020, a venue that the expo area will be transformed into soon after the event is finished.
Gojek Kick-Starts Thai Operation after Brand Unification
Gojek has more than 50,000 drivers and 30,000 merchants in Thailand, where food delivery is booming due to the new coronavirus pandemic but competition among players including Grab, Line, and Foodpanda is also intensifying.
Chinese Kuaishou Considering Hong Kong IPO with USD 50 Billion Valuation
Kuaishou further announced that it plans to incubate 100,000 businesses helping them achieve RMB 1 million (USD 146,000) in annual sales.
Softbank-Backed Indian Delhivery Plans IPO over Next 12-18 Months
Delhivery may face regulatory roadblocks, including one on profitability track record, to go public in India, and may have to wait for clarity in upcoming guidelines.
India's Dream11 Parent Raises $225M from Tiger Global, TPG, Chryscapital, Others
Mumbai-headquartered Dream Sports has brands such as Dream11, FanCode, DreamX, and DreamSetGo in its portfolio.
India Foodtech Unicorn Zomato Raises $100M from Tiger Global, Others; Eyes IPO in 2021
With the latest fundraise, Zomato is now reported to be valued at $3.4 billion, close to its rival Swiggy which is presently valued at $3.6 billion.
India Edtech Platform BYJU’S Raises $500M Led by Silver Lake at $10.8B Valuation
Since the lockdown, BYJU’S claims that over 20 million new students have started learning from its platform for free.
India Edtech Startup Unacademy Raises $150M Led by Softbank at $1.45B Valuation
With a network of over 18,000 teachers and subscribers in excess of 350,000, Unacademy said it plans to utilise the funds to launch new products and to hire fresh talent.
China Edtech Unicorn Yuanfudao Raises USD 1.2 Billion
The company owns the English tutoring app “Banma” , the all-subject education app Yuanfudao, and it operates the national civil servant exam learning site “Fenbi” .
India’s BYJU'S Raises Rs 908.9 Cr from DST Global
The company will use funds to meet the working capital requirements and business expansion plans, the document said. Post-issue shareholding of DST will be 1.2 percent.
China’s WeWork Rival Ucommune Withdraws $100m US IPO, Eyes Backdoor Listing
Beijing-based Ucommune is under increased pressure to shore up investors’ confidence in its loss-making business amid a market downturn accelerated by the novel coronavirus.
Didi-Backed Estonian Ride-Hailer Bolt Launches in Thailand
“Our experience in Europe and Africa has proven that ride-hailing is not a winner-takes-all market.” Bolt said in a statement.
India's Swiggy Fires 350 Employees, Says Business Is Still Down 50 Percent
Swiggy further said the exit package for laid off employees includes a minimum of 3 months to 8 months of salary based on tenure.
Indian Saas Unicorn Freshworks Bags $85 Mn from Steadview Capital
Freshworks had then highlighted that the funding will be utilised to create a more cohesive SaaS platform for all key business verticals — marketing, sales, support and customer success.
China’s Ant to Go Public in Dual Shanghai-Hong Kong Listing
It is the world's largest so-called "unicorn" company, with a reported valuation of $150 billion.
Jon Sheppard, CTO of Gojek’s Financial Arm, Announces Departure
Per his Linkedin post, Sheppard is understood to have taken up a new role as the CTO for Pakistan-based fintech firm Sadapay.
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