Finance
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India: Cars24, A Used Car Marketplace, raises $450m at $1.84b Valuation
Cars24 is an e-commerce platform for pre-owned vehicles. It recently announced that it has closed a funding round of $450 million, including a $340 million Series F equity round alongside a $110 million debt from…
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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…
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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…
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Philippine Fintech Startup NextPay Raised USD 1.6 million In Funding
A Philippine-based fintech startup, NextPay, has raised 1.6million US dollars in a recent seed funding co-led by Golden Gate Ventures and Gentree Fund, a venture vehicle of the Sy family, the family behind SM Group…
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Vietnam to Asses Cryptocurrency Development Through Central Bank
Nikkei Asia reported that the government of Vietnam has assigned its central bank in the R&D of its very own blockchain-based digital currency. The policy came forth in Prime Minister Nguyen Xuan Phuc’s Decision 942, which outlined the…
