Blog Page 91

India-based SaaS firm, CloudCherry raises US$6 million In Series A Round Funding

After raising US$1 million in their seed funding round, CloudCherry, an enterprise startup based in Chennai, India has raised to new heights as they recently closed their Series A funding with a six-fold increase of US$6 million. The funding was led by prominent venture capitals – Vertex Ventures and Cisco Investments plus existing investor IDG […]

Apple Acquires First Indian Startup, Tuplejump

Tuplejump, a Hyderabad-based startup with the vision to simplify data engineering recently became the third machine learning expertise acquired by Apple. Founded in 2013, Tuplejump was helping major companies to stock, process and visualize their data using its unique in-house software, with most operations from both India and United States. But what caught Apple’s eye […]

Singapore Roti-Making Machine, Rotimatic Materializes After 8 Years And US$14.5 Million

After the easy-bake oven, consumer electronics has advanced by leaps and bounds with the introduction of Rotimatic – the world’s first robot that bakes fresh homemade roti, a flatbread that makes up the staple food diet of the Indian culture. Entering into this new age of cooking, this idea formed and expanded when Pranoti Nagarkar […]

Singapore To Be World’s Largest Fintech Hub, Marvelstone Group Announced

Singapore’s ambition to be a ‘Smart Nation’ is moving forward as MarvelStone, an Asian private investment group has announced on Tuesday that it will open the world’s largest fintech hub in Singapore next November. The facility will be known as Lattice80, spanning over 30,000 square feet and to be located in Singapore’s Central Business District, […]

Parentlane, A Connecting Platform For Parents Gets Funding From Capier Investment

Providing a personal companion for parents on the route to child-rearing, mobile app, Parentlane has received additional funding from the co-founder of Cloudnine Hospitals, Rohit MA.

FountainVest Sees Fund Three Close with $2.1 Billion (U.S.)

FountainVest Partners announces the successful completion of its third fund (FountainVest China Capital) with a total capital commitment of $2.1 Billion (U.S.). Due to the oversubscription, the fund attracted exceptional support from current investors along with new institutional investors which included insurance companies, sovereign wealth funds, and pension plans from Europe, the Middle East, North […]

KWAP Invests RM124mil In Uber

Uber, a non-traditional asset, has just seen the investment of RM124mil by KWAP, Kuala Lumpur’s second largest pension fund. Following in the footsteps of Khazanah Nasional’s investment in tech start-ups seems to be the fuel behind Retirement Fund, Inc. (KWAP) investment of $30 million (U.S.) into the modern car-hailing Uber app. The recent round of […]

Three Deals Emerge In Singapore: SMRT-Cyclect Joint Venture; PSL Raises Funds; Asiamedic In M&A...

SMRT, alongside Cyclect Electrical of JV SMRT Corporation have established a joint venture company in conjunction with Cyclect Electrical Engineering. Cyclect Electrical Engineering is a Singapore-based business which serves the industrial plant building industry including offshore, marine, transport and logistic segments of the industry. The newly formed joint venture, known as SMRT-Cyclect Power, will establish […]

Malaysia’s Instant Delivery Startup, RunningMan Raises US$40K Within 24 Hours

Reaching their targeted amount of RM175K (approximately US$40K) within 24 hours of their pitchIN Equity Crowdfunding, public attention has been centred on a Malaysian logistics startup company known as RunningMan. A platform that offers instant delivery services, RunningMan caters the needs of those that wish to save a trip to their nearby shops or restaurants […]

JoJonomic Reach Singapore After Grabbing $1.5m Series A Funding For Expense Management Software

JoJonomic is an Indonesian startup that got their breakthrough when participating in Google’s launch pad accelerator in January 2016. One of just eight Indonesian companies selected, their expense management software stood out. Originally designed to help everyday people keep track of the day-to-day expenses by using a smartphone app to digitize receipts, tickets and more, […]