Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind […]

What top VCs look for in women’s fertility startups

Investors are starting to pour millions into women’s health tech. Does your startup have what it takes to get their attention? Sarah Buhr @sarahbuhr / 20 hours A number of promising women’s health tech companies have popped up in the last few years, from fertility apps to ovulation bracelets — even Apple has jumped into […]

Why identity startup Auth0’s founder still codes: It makes him a better boss

If you ask Eugenio Pace to describe himself, “engineer” would be fairly high on the list. “Being a CEO is pretty busy,” he told TechCrunch in a call last week. “But I’m an engineer in my heart — I am a problem solver,” he said. Pace, an Argentinan immigrant to the U.S., founded identity management […]

EV Growth closes $200M fund to cover Southeast Asia’s Series B funding gap

East Ventures has long been known as one of Indonesia’s longest-serving and most active seed-stage investors, but now it has officially moved up the food chain after it announced a final close of its growth fund at $200 million. Called EV Growth, the fund is a joint venture between East Ventures, SMDV — the VC […]

SoundCloud buys artist distribution platform Repost Network

The past year has seen Spotify embark on a series of acquisitions to beef up its service, particularly on podcast content. Now it is the turn of SoundCloud, another European music startup — albeit one that had lost its way in recent years — to go deal-making: the Berlin-based company has picked up Repost Network, […]

Lime’s founding CEO steps down as his co-founder takes control

In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch. “Lime has experienced unprecedented growth […]

Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

It’s harvest season for Southeast Asia’s full-stack food delivery startups. Following on from Singapore’s Grain raising $10 million, so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money takes the startup to $10 million raised to date — its last round as $2.6 million last year — and it comes […]

Ikea invests in Livspace, a one-stop platform for interior design based in India

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another marquee investor: Ikea. The startup said today it has taken an undisclosed investment from Ingka Investments, the VC arm of Ikea parent Ingka Group, which […]

YouTrip, a challenger bank in Southeast Asia, raises $25M for expansion

Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening in the U.S. and Europe, and it has raised $25 million in new funding to bring its app-and-debit-card service to more parts in the region. Challenger banks have sprung up in Europe in recent years. Unicorns Monzo, Revolut […]

JD.com to foster connected vehicle fleets with $55M investment

JD.com, the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu Xinning Modern Logistics in exchange for up to 10 percent stake. That’s according to a filing released on Monday by Xinning, a China-listed logistics firm […]