Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe

Stripe has led a $12 million Series A round in Manila-based online payment platform PayMongo, the startup announced today. PayMongo, which offers an online payments API for businesses in the Philippines, was the first Filipino-owned financial tech startup to take part in Y Combinator’s accelerator program. Y Combinator and Global Founders Capital, another previous investor, […]

Indonesian cloud kitchen startup Yummy gets $12 million Series B led by SoftBank Ventures Asia

Yummy Corporation, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Co-founder and chief executive officer Mario Suntanu told TechCrunch that the capital will be used to expand into more major cities and on developing its tech platform, including […]

WeWork sells majority stake in Chinese entity, seeks localization

Four years after its foray into the Chinese market, followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American […]

Japanese startup Nature launches Remo 3, its home appliance smart remote, in the US and Canada

Nature, a Japanese hardware startup that focuses on IoT home devices, announced the launch of Remo 3, its home appliance smart remote, in the United States and Canada today. Priced at $129, the Bluetooth-enabled Remo 3 allows people to control with their smartphones or smart speakers multiple appliances that use an infrared remote, including air […]

Apple partner Servify raises $23 million to scale its devices after-sales and management platform overseas

Servify, a Mumbai-headquartered startup that operates a device lifecycle management platform and works deeply with brands, including Apple and Samsung, in a number of geographies, has raised $23 million in a new financing round. The Series C financing round for the five-year-old startup was led by existing investor Iron Pillar; other existing investors, including Blume […]

Apple launches its online store in India

For the first time in more than 20 years since Apple began its operations in India, the iPhone-maker has started selling its products directly to consumers in the world’s second largest smartphone market. Apple launched its online store in India on Wednesday, which in addition to offering nearly the entire line-up of its products, also […]

Ride-hailing was hit hard by COVID-19 — Grab’s Russell Cohen on how the company adapted

A contactless Grab delivery Ride-hailing services around the world have been hit hard by the COVID-19 pandemic, and Grab was no exception. The company is one of the most highly-valued tech startups in Southeast Asia, where it operates in eight countries. Its transport business suffered a sharp decline in March and April, as movement restriction […]

Apple will launch its online store in India on September 23

Apple will launch its online store in India on September 23, bringing a range of services to customers in the world’s second largest smartphone market for the first time in the 20+ years since it began operating in the country. The company, which currently relies on third-party online and offline retailers to sell its products […]

Twitter flags Indian politician’s years-old tweet for violating its policy

Twitter has flagged a post from Indian politician T. Raja Singh for violating its policy days after TechCrunch asked the social giant about the three-year-old questionable tweet. In a video tweet, Singh urged India’s Defence Minister Rajnath Singh and others citizens in the country to move Rohingya Muslim immigrants, including those “who supported terrorism,” out […]

Facebook announces $4.3 million grant for small businesses in India, introduces support for gift cards

More than a third of small and medium-sized businesses on Facebook in India expect cash flow to be a challenge for them as they navigate the coronavirus pandemic in the next few months, according to a report by Organisation for Economic Co-operation and Development (OECD) and the World Bank. Facebook, which reaches nearly every internet […]