Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split […]

CleverTap lands $26M for its mobile-focused customer marketing service

CleverTap, an India-based startup that lets companies track and improve engagement with users across the web, has pulled in $26 million in new funding thanks to a round led by Sequoia India. Existing investor Accel and new backer Tiger Global also took part in the deal, which values CleverTap at $150-$160 million, the startup disclosed. […]

Southeast Asia’s Carousell snags $56M from Naspers-owned OLX

It’s taken some time to come around, but Naspers — the early Tencent investor that’s also behind the world’s top listings service — finally has a piece of Southeast Asia’s Carousell. TechCrunch broke news of talks between the two sides last year, and now Carousell has confirmed that it has raised $56 million from Naspers’ […]

Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund

We recently noted that SoftBank’s Vision Fund has stepped up its deal-making in Asia this year, and today it added a new company to its roster: travel services platform Klook. Hong Kong-based Klook announced today that it has raised a $225 million round led by the Vision Fund with participation from existing investors. The deal […]

Google reshuffles its leadership in Asia Pacific

There’s a changing of the guard within Google’s Asia Pacific business. In recent weeks, personnel changes within two of its most important roles show the search giant is entering a new era of management for its fast-growing business across the continent. Scott Beaumont, a British executive who previously ran Google in China and Korea, stepped […]

Airbnb confirms stake in India’s OYO, sources say it invested $150M-$200M

Airbnb is continuing to widen its focus beyond “unconventional” hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fools’ Day) to confirm that it invested in India’s OYO — a startup that manages budget hotels and other stays. The deal has been […]

Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

Australia-based Airwallex is the latest tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing […]

Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others

Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 10100, the firm that Kalanick launched last year for investments in Asia, just took part in a $7.6 million seed round for Kargo, an early-stage “Uber […]

India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it spun out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and it […]

On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber, […]