Category: Tech News

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India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.

Contentstack, a content experience platform (CXP), on Tuesday said it has raised $80 million in a Series C funding round co-led by Georgian and Insight Partners. Illuminate Ventures also participated in the round, taking the total amount raised to $169 million so far. “Contentstack’s ability to ensure customers are successful while also innovating at record speeds… Continue reading India’s Contentstack raises $80m in Series C roundThe round was co-led by Georgian and Insight Partners and participated by Illuminate Ventures.

US VC investor Tim Draper sours on China, says it has left the free market

China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk’s Tesla and SpaceX. Draper was also an early and prominent investor in Chinese search engine Baidu Inc, but he is now turning his attention to Taiwan, home to companies such as TSMC, the world’s largest contract chipmaker.… Continue reading US VC investor Tim Draper sours on China, says it has left the free market

China’s auto parts maker Kasco snaps $72m in a Series B round

China’s Kasco, also known as KH Automobile Technology (Zhejiang KHAT), which produces air suspension system for passenger vehicles, has notched RMB 510 million ($72.4 million) in a Series B led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital, and Shenzhen Capital Group.   The round, participated… Continue reading China’s auto parts maker Kasco snaps $72m in a Series B round

Kotak Investment Advisors raises $500m from ADIA for India-focused, $1b real estate fund

Kotak Investment Advisors Ltd (KIAL), the alternative assets arm of Kotak Mahindra Group, which is backed by one of Asia’s richest bankers Uday Kotak, on Tuesday said it has secured $500 million from a subsidiary of Abu Dhabi Investment Authority (ADIA) for its new $1 billion real estate fund. With the new fund, Kotak aims… Continue reading Kotak Investment Advisors raises $500m from ADIA for India-focused, $1b real estate fund

BasiGo to kick-off EV assembly in Kenya after $6.6M funding

BasiGo will begin assembling electric buses in Kenya from next month, ramping up its production of public transport vehicles (PSVs) as it targets to deliver 100 units by end of next year. The startup plans to deliver 15 of the 100 buses, manufactured using parts from China’s EV maker BYD Automotive, in January next year,… Continue reading BasiGo to kick-off EV assembly in Kenya after $6.6M funding

Helbiz sees losses in mobility revenue, slight gains in streaming

Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. However, Helbiz’s burgeoning sports streaming service did realize some small gains. The micromobility SPAC reported its Q3 earnings Monday, the same day as its only public market competitor, Bird. Neither company is performing well operationally… Continue reading Helbiz sees losses in mobility revenue, slight gains in streaming

Twitter fired employees who publicly called out Elon Musk

At least three Twitter employees who survived the mass layoffs that cut the company’s workforce in half have been fired after calling out their new boss on the platform. One of them is Eric Frohnhoefer, who responded to Elon Musk’s tweet apologizing for Twitter being slow in many countries. “App is doing >1000 poorly batched… Continue reading Twitter fired employees who publicly called out Elon Musk

Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…

Dubai-based platform for short-term rentals Silkhaus has raised $7.75 million, while Singapore-based venture capital firm Velocity Ventures has invested an undisclosed sum in New Zealand’s enviro-tech company CarbonClick. Dubai-based Silkhaus raises $7.75m seed round Dubai-based Silkhaus, a platform for short-term rentals, has raised $7.75 million in a seed funding round to expand to South Asia,… Continue reading Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…

India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others

Foods & Inns Limited, one of India’s largest fruit and vegetable pulpers, has raised about $26 million (Rs210 crores) in growth capital from investors including Florintree Digital LLP, Lotus Family Trust, and Aeon Trading, it announced on Tuesday. The financing round was also joined by Silver Stallion Ltd., VSS Iron & Minerals Pvt. Ltd., and… Continue reading India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others