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Airwallex, Unicorn From Fintech Hits Valuation Of $4bn After Raising $200m
One of the worldwide unicorn payment companies in Hong Kong, Airwallex, has reported a $200 million raise in a round of financing underwritten Series E headed by Lone Pine Capital of the United States. According to the company, the new fundraising round boosted the business’s total funds raised to more than $700 million, bringing its […]
Carsome from Malaysia Raises $170M From Taiwan’s MediaTek And Others.
Malaysian used-car marketplace, Carsome Group, said it has raised $170 million in a funding round from investors, including Taiwanese chipmaker MediaTek. This has cemented its position as Malaysia’s largest tech unicorn as it’s now valued at $1.3 billion. The valuation comes as Southeast Asian startups are attracting strong interest from regional and global funds due […]
Pasarnow, an Indonesian e-groceries Platform New Cities Expansion with 3.3 million USD Funding
An Indonesia e-grocer platform, Pasarnow successfully funded 3.3 million USD and has stated that this amount will be spent on expanding their regional coverage and increase their grocery supply-chain capabilities and last-mile solutions. The funding led by East Ventures also saw participation from angel investors including Skustar Capital, Amand Ventures, and SMDV. Pasarnow will be splitting […]
Unicorn Status For Chinese Car Wash Firm YGL Backed By Alibaba
Self-service car wash company Yigongli (YGL), a startup developed by Shanghai HELIOS Network Technology and backed by Alibaba has recently joined China’s latest unicorn status with a value of over $1 billion. The “hundreds of millions of U.S. dollars” worth of transaction is raised across two tranches of Series D1 and Series D2 rounds. Series D1 […]
Razer Earns $34m Profit In The First Half Of The Year As Revenue Soars
Razer, the Singapore-based gaming giant, announced that its first-half revenue was at an all-time high. The company’s hardware and fintech offerings continuous growth contributed to the result. According to Razer, the total revenue rose by 68% to US$752 million in the first half of fiscal 2021 (H1 2021), compared to US$447.5 million a year ago. The firm’s bottom […]