Tiger Global returns with a $3M investment to help restaurants deal with delivery apps

Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup that helps restaurants deal with the pain of multiple food ordering platforms. The Series A and it represents the first time that CheckMate has raised outside funding for its business. It is also a […]

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Kyklo is bringing the billion-dollar electromechanical industry into digital sales

The electromechanical industry may not be the kind of sexy tech that you’ll regularly read about in TechCrunch, but we like solutions to problems, and that is why I am about to write about a company in the aforementioned industry. Add in that the startup is based in Asia — Thailand, to be precise — and […]

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Tech industry comes out swinging against potential Trump tariffs

Over the weekend, the Information Technology Industry Council and 44 other trade associations banded together and published a letter demanding that the Trump administration take “measured” steps to stop China’s unfair trade practices and voiced its opposition to unilateral tariffs that could damage industries as diverse as electronics and agriculture. As we have been covering […]

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Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and […]

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Trump readying ‘all of the above’ fusillade on Chinese tech

President Trump’s decision to block a mega-merger deal between Broadcom and Qualcomm appears to be just the opening gambit for a significantly bolder strike on Chinese technology and investment firms as well as Chinese nationals learning and working in the United States. For an administration that is as defined by its day-to-day chaos as its […]

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Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services

 Ride-hailing service Grab is being heavily linked with a deal to buy out Uber’s business in Southeast Asia, but those rumors aren’t stopping it from building its fintech platform after announced a financial services unit. The Singapore-based company has been pushing itself into fintech for some time, with the most visible moment being the launch of its mobile payments service… Read More

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India’s Ola takes its Uber rivalry to Australia with launch in Sydney

 Ola, Uber’s key rival in India, has taken its first step overseas after its service officially went live in Australia via a launch in Sydney. The company announced its plans to go Down Under at the end of January and in Sydney, which is its first full launch, Ola said it has signed up over 7,000 registered drivers. Initially, passengers will be able to enjoy free rides for a limited… Read More

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Grab launches a bike-sharing service in Southeast Asia

After much speculation, Southeast Asian Uber rival Grab has jumped into the bike-sharing space after it launched a service in Singapore.
GrabCycle Beta will offer services from a range of services, including bike-sharing services oBike — which includes Grab as an investor — GBikes and Anywheel, plus electric scooter rental Popscoot. The project is the first to launch… Read More

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India’s Prime Venture Partners closes new $60M fund for seed investments

 India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners — serial entrepreneurs Sanjay Swamy, Shripati Acharya and Amit Somani — in 2011, this fund represents the third (and largest) investment vehicle for the firm. Its previous $46 million… Read More

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