Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at more than $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million), Microsoft […]

Guardian Circle upgrades with a decentralized alert network

Chris Hays and Mark Jeffrey wanted to create a way for everyone to be able to tell their loved ones if they were in trouble. Their first product, Guardian Circle, did just that, netting a mention a few years ago. Now the same team is truly decentralizing alerts with a new token called, obviously, Guardium. The […]

The disappearing Form D

We are experimenting with new content forms at TechCrunch. This is a rough draft of something new — provide your feedback directly to the authors: Danny at danny@techcrunch.com or Arman at Arman.Tabatabai@techcrunch.com if you like or hate something here. Ignoring the midterm hysteria, we continue our obsession with SoftBank today by looking at the group’s […]

SoftBank’s debt obsession

We are experimenting with new content forms at TechCrunch. This is a rough draft of something new. Provide your feedback directly to the authors: Danny at danny@techcrunch.com or Arman at Arman.Tabatabai@techcrunch.com if you like or hate something here. Today, we are focused on SoftBank . The Wall Street Journal and others reported that Masayoshi Son, […]

Tink Labs, which gives free-to-use smartphones to hotel guests, is raising $300M

Tink Labs, a Hong Kong startup that develops smartphones that hotels provide to their guests for free, is raising a new round of up to $300 million to further its international footprint, TechCrunch has come to understand. The startup is in the final stages of completing the deal that could give its six-year-old business a […]

SoftBank to wait on Khashoggi murder investigation before deciding on second Vision Fund

SoftBank CEO Masayoshi Son says the company won’t walk away from its existing commitment with the Saudi Arabian royal family — the largest LP in its $100 billion Vision Fund — but the firm will wait on the outcome of an investigation into the death of journalist Jamal Khashoggi before deciding on whether to continue the […]

China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup

Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup. That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that […]

Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines

China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom firm PLDT. The deal would bring Tencent into direct competition with arch-rival Alibaba, which entered the Philippines 18 months ago when its fintech affiliate Ant […]

Benchmark is staying focused, targeting $425M for ninth fund

VC powerhouse Benchmark has filed to raise $425 million for its ninth flagship fund. While other firms close billion-dollar venture funds despite a history of smaller fundraises, Benchmark is sticking to its guns. The firm, known for its early bets on Twitter, Uber, Snap and WeWork, hasn’t fallen victim to the SoftBank effect. Longtime Benchmark general […]

India’s budget hotel startup OYO raises $1B for international growth

OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. The majority of the funding — $800 million, to be exact — was led by SoftBank’s Vision Fund with participation from Lightspeed, Sequoia and Greenoaks Capital. OYO […]