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China-based MegaRobo raised $300-million in a Series C funding round

MegaRobo Technologies is a China-based company that uses robotics and artificial intelligence for life science research.   The company has recently led a Series C funding round which was led by Goldman Sachs’ private investment arm, venture capital company GGV capital, and Asia Investment Capital.  The funding round also saw participation from the likes of Sinovation […]

Indonesian Payments Platform Xendit Raises $300-million in Series D Funding

Indonesian-based payment platform Xendit recently announced that the firm has raised $300-million in fresh funding. The company hit unicorn status in its last round of funding in September 2021 but did not disclose the company’s valuation after the recent funding round.  The funding round was led by Coatue and Insight Partners with participation from investors […]

Australian corporate education content hub Go1 raised over $100-million in a funding round backed by SoftBank

Go1, an Australia-based corporate education hub for on-demand training and resources, announced on Monday that it has raised over $100-million in its latest funding round closed in May.  The round saw the company’s valuation increase to over $2-billion with the company’s total funding now at over $400-million.  The recent funding – which closed in May […]

India’s ShareChat in advance talks with Google, and Temasek to close $300-million funding with $5-billion valuation

According to reports from Reuters, Indian-based ShareChat’s parent firm Mohalla Tech has raised nearly $300-million from Google, Indian media conglomerate Times Group, and the Singapore government’s Temasek Holdings.  This latest funding puts the value of the social media firm at nearly US$5-billion with the deal set to be announced as early as next week.  This […]

India’s unicorn startup, Cars24 cuts 600 jobs

The used car e-commerce platform, Cars24 backed by investors in the likes of SoftBank and Alpha Wave Innovation, has asked 600 of its employees to leave, even as it pushes ahead with its international expansion plans and attempts to steer through the gloomy market conditions.  The Cars24 layoff, which represents about 6% of the startup’s […]
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