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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 […]

Japanese payment processing firm Opn obtains unicorn status after raising $120-million

Digital payment processor Opn, which was formerly known as Synqa, said it has raised $120-million in a Series C+ funding round, earning itself a unicorn status.  Some investors that have participated in the funding round include government-backed JIC Venture Growth Investments, Mitsubishi UFG Financial Group, and tech investors Mars Growth Capital which has brought Opn’s […]

Indian instant grocery startup nears unicorns status after raising $200-million

In the latest funding round led by Y Combinator, an instant grocery startup – Zepto has raised $200-million in a Series D fundraise, which takes its valuation to around $900-million just shy of a unicorn status within nine months of operations.  The funding round was participated by new investors by the likes of Kaiser Permanente […]

Singapore-founded Biofourmis raised a whopping $300 million in Series D funding to earn a unicorn status

Biofourmis, a startup developing digital therapeutics and artificial intelligence to remotely monitor patients conducted a Series D funding round led by General Atlantic which raised $300-million to bring its valuation to $1.3-billion.  The funding round which was participated by existing investors as well as New York-listed CVS Health Corporation brings the total raised funds for […]

Chinese work automation startup, Laiye bags US$160-million funding as the company nears unicorn status

Chinese intelligent automation solutions developer, Laiye has recently announced that they picked up US$160-million from a Series C funding round to expand overseas.  The Beijing-based company’s financing came in three tranches, with the latest tranche bringing it US$70-million, an oversubscribed round led by Chinese private equity firm Hopu Magnolia. The funding round was also co-led […]
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