India: Paytm plans to invest $1.5b in financial services in next 3 years

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Leading Indian digital payments firm Paytm plans to invest Rs10,000 crore ($1.5 billion) over the next three years to boost its banking and financial services business, said a Press Trust of India report. “We will invest Rs10,000 crore in our banking and financial services in the next three years. We hope to… Read more »

UK startup TransferWise expands money remittance service to Singapore

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The startup is backed by Peter Thiel’s Valar Ventures and Andreessen Horowitz


Chinese unicorn UrWork merges with New Space to ward off US rival

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This marks the first merger in China’s co-working space sector.


Indonesia: Stockbit raises new round from 500 Startups, other investors

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Indonesia-based social network for stock market investors, Stockbit, announced Tuesday that it has raised a pre-Series A round of investment from 500 Startups and other existing backers, including Ideosource and Braavos Ventures. The funding, which is of an undisclosed sum, will be used for general business expansion. Stockbit has been… Read more »


Indonesia’s East Ventures partners SGInnovate to create joint startup launchpad

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East Ventures’ EV Hive will be connected with SGInnovate’s BASH.


Singapore: CoAssets HK acquisition; DeClout opens incubator

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CoAssets has acquired a stake in a Hong Kong firm as part of its growth strategy, while DeClout has opened a business incubator arm.


China: Matrix invests in TianYi Research; Fortune Capital joins Shadow Creator round

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Matrix Partners has led a $14.5 m series A round in TianYi Research Institute to enter the commercial space venture. Meanwhile, Fortune Capital has joined a $14 million investment in Shadow Creator, a visual reality and augmented reality headset developer. Matrix leads $14.5 million series A in TianYi Research Institute… Read more »


Exclusive: Employee feedback app Hoorah.io closes S$500k angel round

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HR tech startup Hoorah.io, led by former KPMG consulant Elisa Ang, has raised S$500k in angel funding


India Digest: Wassup Laundry, Samara Capital acquire firms; Aspire Home eyes funding

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Wassup Laundry has acquired rival Doormint, while Samara Capital has bought out Sanjay Maintenance. Also, Aspire Home Finance is in talks to raise $77 million. Wassup Laundry acquires Doormint in equity swap deal On-demand laundry Wassup Laundry has acquired home laundry service startup Mumbai-based Doormint in an equity swap deal, according to a report… Read more »