China’s robotaxis charged ahead in 2021

Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a new pilot program or a small-scale service. These press releases, often dotted with regulatory jargon and flowery language to aggrandize the companies’ […]

EVage raises $28M to be a driving force in India’s commercial EV revolution

A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehicle startup EVage. The startup, which has already supplied five EV trucks to Amazon India’s Delivery Service Partner and plans to provide “in the thousands” more […]

Turnip raises $12.5 million for its mobile-first gaming community platform

Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprints in India and dozens of other countries and dabble with web3 as it looks to broaden its product offerings. Greenoaks and Elevation Capital co-led the one-and-a-half-year-old startup’s Series A round. […]

India’s LEAD School becomes unicorn with new $100 million funding

Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high-school preparing for competitive exams. LEAD School, a nine-year-old startup, is addressing this disconnect […]

India’s Refyne raises $82 million to help workers get faster access to wages

Refyne has raised a new financing round, just seven months after securing its previous funding, as the Bengaluru-based startup scales its platform that helps workers access their earned salaries in real time. Tiger Global led Refyne’s $82 million Series B funding, the two said Wednesday. Existing backers QED Investors, partners of DST Global, RTP Global, […]

Australia’s Fertilis raised $2M to automate IVF embryo culturing

Adelaide-based startup Fertilis is the latest to join a wave of companies worldwide that are trying to make in vitro fertilization (IVF) less stressful and more successful for patients and clinicians. Two-year-old Fertilis’s technology to automate cell culture with micro medical devices has won support from some investors. Horizons Ventures, the venture capital firm of […]

AmazeVR gets another $15M to forge the future of immersive concerts 

AmazeVR, a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which was oversubscribed within three weeks.  Partners Investment and Murex Partners co-led the new funding, with participation from Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS […]

Apple to allow third party app payment options in South Korea

Apple has submitted its compliance plans to allow developers to use third-party payment options in South Korea at a reduced service fee, the Korea Communication Commission (KCC) said on Tuesday. KCC also said it would discuss with Apple to iron out further details, including service fee structures and the exact date when the payment option […]

India to own 35.8% in Vodafone Idea after conversion of dues

Vodafone Idea said on Tuesday the Indian government will own 35.8% of the company after the third-largest telecom operator’s board approved conversion of dues and spectrum auction instalments into equity. The operator, which is a joint venture between the British giant Vodafone Group and billionaire Kumar Mangalam Birla’s conglomerate, owed the government dues of roughly […]