Skorlife, the fintech that wants to give Indonesians more transparency into their credit scores, has raised $4 million in seed funding. The round was led by Hummingbird Ventures with participation from QED Investors, and returning investors AC Ventures and Saison ...
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Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife
BrightEmbedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.6 billion. The funding was led ...
Singapore’s Ora takes a vertically-integrated approach to telehealth
BrightAccording to the founder of Singapore-based telehealth platform Ora, 90% of its patients are less than 39 years old and have not been treated for their conditions offline. That puts the onus on Ora to make sure its patients, mostly ...
Jenfi raises more funding for its “growth capital as a service” platform
BrightJenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor ...
Japanese construction tech Aldagram nails down backing from Panasonic
BrightAldagram, a startup out of Japan developing project management software for construction companies, has picked up a new strategic backer to help it build out its footprint across Asia and the Middle East. Panasonic, the consumer electronics giant that also ...
Disney’s Hotstar loses 8.4 million subscribers as Ambani’s JioCinema ascends
BrightDisney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is largely attributed to one specific streaming service: Hotstar. The Disney+ ...
Backed by Sequoia Southeast Asia, SquareX protects web users with disposable browsers
BrightMuch of our computer time is spent in a web browser, where we check emails, create documents, transfer files, carry out online banking, shop or stream entertainment. This leaves us vulnerable to security threats like phishing, identity theft and session ...
Invesco cuts Swiggy valuation by half to $5.5 billion
BrightInvesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from ...
3one4 Capital, driven by contrarian bets, raises $200 million new fund
BrightPartners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height of the worsening global economy, they had secured $200 million. ...
Where is India in the generative AI race?
BrightIn the high-stakes race for supremacy in the burgeoning field of generative AI, India’s bustling technology ecosystem is facing an uphill battle to catch up to global leaders. Despite being home to one of the world’s largest startup ecosystems, the ...