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India’s financial services firm Paytm raises $1B

India’s financial services firm Paytm raises B Paytm said on Monday it has raised $1 billion in a new financing round as the Noida-headquartered firm, which once dominated the local mobile payments market, attempts to fight back giants Google, Walmart’s PhonePe, and Facebook. The company said the new financing round, dubbed Series […]

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Inside Prosus Ventures’ $4.5 billion bet on India

Inside Prosus Ventures’ .5 billion bet on India Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay […]

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China’s news and data site 36Kr tumbles in its stock market debut

China’s news and data site 36Kr tumbles in its stock market debut 36Kr, a Chinese news and data website that tracks startups, fell 10% in its Nasdaq debut on Friday. The disappointing debut followed 36Kr’s decision to slash the size of its offering from 3.6 million shares to 1.4 million and pricing […]

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China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge

China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a very busy last week of October […]

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EBay picks 5.5% stake in India’s Paytm Mall

EBay picks 5.5% stake in India’s Paytm Mall EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar […]

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Hellobike, survivor of China’s bike-sharing craze, goes electric

Hellobike, survivor of China’s bike-sharing craze, goes electric Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players […]

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From seed to Series A: Scaling a startup in Latin America today

From seed to Series A: Scaling a startup in Latin America today Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Movile is quietly building a mobile empire Latin America’s Groupon Mafia It’s […]

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Grab raises more money — again

Grab raises more money — again Southeast Asia’s highest-capitalized startup is sitting on even more money from investors today after ride-hailing Grab announced it has raised $300 million from Invesco. The deal takes Singapore-based Grab $7.5 billion raised to date. The money is part of its ongoing — feels-like-everlasting — Series H […]

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Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia

Warburg Pincus announces new .25 billion fund for China and Southeast Asia Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund dedicated to China and Southeast Asia. The firm has been present in China for 25 years, […]

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Splyt wants to connect the world’s ride-hailing apps for easy international roaming

Splyt wants to connect the world’s ride-hailing apps for easy international roaming The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and Russia coupled with the failure of its rivals to develop a proposed roaming system, means that global travelers must install multiple […]

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