Investment in deep tech of India has risen to its all time best $247.8 million so far this year where in 2017 it was only $96.8 million. The investment amount went up by 2.5 times specially in artificial intelligence (AI), machine learning and robotics based startups.
Grey Orange, valued at $500 million, raised the highest amount of funding which is $140
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Tiger Cage Launch Event held
Tiger Cage, an entrepreneurship-themed video series from Startup Dhaka, was launched on 10th December at EMK Center, Dhanmondi. Tiger Cage is the first ever video series in Bangladesh giving startups the opportunity to pitch in front of investors who are willing to provide funding access to startups. The show aims at mitigating one of the Bangladesh startup ecosystem’s
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Creating Capital For Your Big Business Idea
Bangladesh is a hotbed for business creation and growth, a fact that has led the UK’s influential Institute of Export to name it as ‘the new Asian Tiger’. The efforts of country businesspeople has driven 7.11% growth in GDP year on year. With so much international interest, there has seldom been a better time
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STARTUP DHAKA Releases Trailer Of Its Second Film
We have worked for the past year to get this film done, a sequel to our first documentary. In our first film we explained the emerging startup culture that was happening here in Dhaka. In last five years our startup culture matured, however new challenges have emerged. While we understand that startups are creating value for local angel
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Vietnam’s Cooky raises $500k
Vietnam’s local food recipe portal, Cooky, is said to raise $500,000 investments in round led by existing investor ESP Capital. The round was also participated by Founders Capital and angel investors, the company added.
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“The latest investment will be used to enhance our offers, enlarge the user base and expand our operations,” said Vuong Nguyen, founder of Cooky.The company said it
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India’s fintech startup ClearTax raises $50M Series B
ClearTax, a seven-year-old, Bengaluru, India-based fintech startup focused around tax preparation, e-filing, accounting and investment planning, has raised $50 million in Series B funding led by the Hong Kong-based investment firm Composite Capital.The company is looking to use the fresh capital to further accelerate its growth and expand the suite of products and services on its platform.
Archit Gupta, Founder and
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Chinese Ride-Hailing startup BMKP raises $43M
Chinese ride-hailing firm Wuhan Banma Kuaipao Technology (BMKP.com) has completed a RMB300 million (US$43.21 million) financing round from Chinese private equity fund manager QJY Capital, according to a Chinese media.
QJY Capital’s investment comes after BMKP.com received considerable amount of online ride-hailing licenses, which is a necessary operation material for ride-hailing drivers under the requirement of a new policy introduced in
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ICT Innovators Will Receive Up To 1 Crore Taka Funding
ICT state minister Zunaid Ahmed Palak announced that in case of ICT innovations, entrepreneurs will receive up to 1 crore taka funding based on the idea. He announced this at the "National Hackathon For Women 2017" held on 10th February. He also said that by next 2 years there will be over 1000 new ideas from the ICT innovators.
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Bangalore-Based Aisle Raised Funding To Grow The Business
Aisle, an online dating app owned by Bangalore-based Aisle Network, has secured an undisclosed amount in funding from CIO Angel Network, with participation from Konglo Ventures, White Unicorn Ventures and online deal-making platform LetsVenture. The startup will use the funding to hire new developers and content creators, said Founder and CEO Able Joseph.
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Thailand’s Freshket Raised Funding To Develop Its Platform
Thailand’s B2B online marketplace for food businesses Freshket announced on Sunday that it has raised a six-digit US dollar first round of venture capital (VC) funding. Freshket founder and CEO Ponglada Paniangwet stated that the startup plans to use the funding to develop its platform, which was soft-launched in January. Freshket is also looking toward Vietnam and Indonesia
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Chinese internet company LeEco Landed US$2.4 Billion In Fresh Funding
Chinese internet company LeEco announced Sunday that it landed RMB16.8 billion (US$2.4 billion) in fresh funding led by China’s real estate titan Sunac China Holdings Ltd. Sunac will become the company’s second-largest shareholder after the deal. This hefty round would definitely ease the capital pressures the company has faced and to rebuild confidence in its investors
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Southeast Asia Startup Funding At Record High In 2016
Startups in Southeast Asia pulled in more moolah than ever before from investors in 2016. Total funding in the region hit US$2.6 billion, up over 60 percent from the previous year’s US$1.6 billion. The number of deals fell for the first time in five years to 365 – from 380 in 2015 – amidst talks of a cooling off in startup
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Singapore’s The Artling Raised US$1.8M To Grow Bigger
Art and luxury item marketplace operator The Artling has raised a series A worth US$1.75 million, it announced today. The startup will use the funding to hire more people and focus more on marketing, two areas it held off on previously in order to control its spending. It will also be moving into a larger space as the team grows.
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Real Estate Aggregator Platform Square Yards Secured Funding For International Expansion
Real estate aggregator platform Square Yards has raised $10 million from a clutch of high net worth individuals, including the family office of Kanpur-based Lohia Group. The company will use the funding for expanding its distribution network in India and internationally, and fund its growth for the next 12-15 months.
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Nearcircles Raised US$1 Million To Grow Its Footprint In Indonesia
Nearcircles, the app that lets people create private social networks with others who live in their neighborhood, has raised US$1 million in a pre-series round to grow its footprint in Indonesia, where it recently expanded. The funding came from IDN Financials, which is based out of the startup’s home market, Singapore.
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Netflix Competitor In Asia Hooq Raised Funding From Singtel, Sony, Warner
Hooq, a Netflix competitor in Asia, raised US$25 million from its existing investors Singtel Sony Pictures, and Warner. The streaming service – majority-owned by Singapore’s top telco – first launched in India, Thailand, and the Philippines in early 2015, later also taking on Indonesia and Singapore. This round takes Hooq’s total amount of funding to US$95 million.
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