By Aastha Maheshwari
LogiNext, which raised its Series A round of $10 million from Alibaba-backed Indian payments major Paytm, is looking to raise its next round of funding which is said to be in the region of $10 million.
Google’s main search platform has been blocked in China since 2010, but the Alphabet Inc unit has been attempting to make new inroads into the country.
The news comes as a controversial cybersecurity law is set to take effect next month, requiring global technology firms to open local offices and store data in the country.
According to UK media reports, Khazanah has blocked an emergency fundraising by the unicorn startup, causing Blippar to inform its shareholders that it has been left with no option but to give notice to start insolvency proceedings.
CloudMagic was incubated inside Webyog, which built tools for database management, and was spun off as a separate company in 2013.
The MAS will co-fund up to 50 per cent of qualifying expenses capped at $2.2 million under this scheme.
Teko utilises a proprietary platform for real-time access to service and repairs for home appliances,
The world’s largest music streaming service has secured deals with many of the major rights holders in India over the past few months, clearing one of its final hurdles to entering the country of 1.3 billion people.
The UK-based firm had announced in January its plans to expand into the Asia Pacific region with new data centres in Singapore and India.
AdaSky, which provides far-infrared (FIR) camera technology to help self-driving cars “see” better, said the financing was part of a larger round.