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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Singapore-Based Legaltech Startup Legalese Secures US$418K Funding
Singapore-based legaltech/fintech startup Legalese announced on Monday that it has raised SG$600,000 (US$418,000) of funding led by venture capital firm Walden International. The startup plans to use the funding to develop its first web app and for further research and development in computational law, a computer science-based approach to the generation, management, and execution of legal paperwork.
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Learning Technology Start-up Learntron Raises Funding From Kae Capital
Learntron, a learning technology start-up with tech operations in Chennai and sales operations in Mumbai, has raised an undisclosed Pre-Series A round from Mumbai-based Kae Capital, one of India’s leading seed funds. Learntron’s focus is on the developing Asia market and the company has a good base in the Middle East.
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Mumbai-Based Fashion E-Commerce Startup Fynd Gets Funding
Mumbai-based fashion e-commerce startup Fynd has clinched an undisclosed amount of funding from Snapdeal’s former Chief Product Officer, Anand Chandrasekaran. Rajiv Mehta, CEO of Arvind Sports Lifestyle, and Ramakant Sharma, former VP (Engineering), Myntra and Co-founder of Livspace, have also participated in the round. The latest investment will be used for marketing and enhancing Fynd’s tech infrastructure.
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SaaS Startup Learntron Raises Funding From Venture Capital Firm Kae Capital
Chennai-based Heuristix Digital Technologies Pvt Ltd, which runs and operates learning-technology venture Learntron, has raised an undisclosed amount of funding from venture capital firm Kae Capital. The Chennai-based startup offers training programmes to tutoring and online learning ventures, K-12 schools and corporates on a software-as-a-service (SaaS) platform.
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TempoGO Raised Funding From K2 Capital Of Hong Kong
TempoGO, an Internet of Things (IoT) and SaaS solution for commercial transportation, has raised US$825,000 in seed funding, led by K2 Capital of Hong Kong. Founded in 2015, Mumbai-based TempoGO provides IoT and Saas solutions for the transportation industry. Its integrated platform connects vehicles, people, and trips, and improves the productivity of a commercial vehicle fleet, either passenger or freight.
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iCommerce Asia Raised US$1.4M In Pre-Series A Round
E-commerce supply chain and logistics startup iCommerce Asia has raised S$2 million (US$1.4 million) in a pre-Series A round led by investors including Cooper Mcguire and Harry Markl, ex-CFO and ex-Co-CEO respectively of Zalora Group, Aaron Tan, CEO and Founder of Carro.sg, Ismail Shariff, Ex-Regional VP of Salesforce and Janifer Yeo-Tan, CEO of the JYSK Group of Companies.
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Startup Dhaka – what’s in a name
Three years on this day, our crowd funded Startup Dhaka Documentary premiered at EMK center to an audience of 100 which included founders, sponsors and startup community members. This was in the early days when we still had to explain what is a startup. When we started this journey, we did not have a very good idea about how
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