YC-backed Pakistani fintech firm nets $12m funding
The latest funding round pushes the valuation of the firm to US$100 million, Bloomberg reported.
Crescendo-backed Singapore logistics startup mulls US listing
The logistics startup is working with Deutsche Bank and Goldman Sachs on the potential listing, according to a Bloomberg report.
StarHub to buy global telco’s Singapore business
MyRepublic’s local broadband business will become a StarHub unit by December in a deal worth up to US$162.8 million.
India Roundup: IPO-bound Paytm gets additional shares, and other news
Also, healthtech firm Medikabazaar raises US$60 million in series C money, and executives from Paytm, Oyo India, and Airbnb invest in an edtech firm.
China Roundup: Robotics firm nets $200 million in funding, and other news
Also, Ones.ai, a project management startup, closes GIC-led US$50 million round.
Emerge 2021 | Regulation the biggest challenge for Chinese investors eyeing overseas
Speakers discuss cross-border investment during the TechNode Emerge 2021 event on Sept. 17, 2021 in Beijing. (Image credit: TechNode) The biggest challenges that Chinese investors should be well prepared for when investing in startups overseas is tightened regulations around the world, said Zhu Bin, a former director of Greater China investment advisory, at Business Sweden.…
Luckin Coffee reaches $187.5 million settlement deal with investors
Workers stroll past a Luckin Coffee in Beijing on April 9, 2019. (Image credit: TechNode/Cassidy McDonald) Luckin Coffee has settled a US class action lawsuit, resolving some US investors’ claims against the company, which admitted in April 2020 to fabricating $310 million in sales. Settlement amounts will be calculated based on a global settlement of $187.5…
Chinese warehouse robotics startup Hai Robotics secures $200 million
Hai Robotics, a Chinese warehouse robotics startup, announced Wednesday two financing rounds totaling more than $200 million. Investors include 5Y Capital, Capital Today, Sequoia Capital China, and Source Code Capital. The company said it would use the fund to upgrade robot fleets, expand global operation networks, and optimize supply chain management. [PR Newswire]
SILICON | Can Arm fend off Allen Wu’s latest autonomy moves?
Editor’s note:In what one analyst calls the “tech heist of the century,” Arm China, the Chinese branch of the British chip designer Arm Ltd., announced on Aug. 26 it is now an “independently operated and Chinese-controlled” company.It’s the latest chapter in the saga of how the world’s largest owner of semiconductor intellectual property (IP) quickly…
Mamelodi Sundowns’ Mngqithi reveals Orlando Pirates’ ‘very big weakness’
The experienced tactician indicated that they will go into the highly anticipated match respecting their opponentMamelodi Sundowns co-head coach Manqoba Mngqithi has revealed Orlando Pirates’ weaknesses which they can exploit on Saturday. Masandawana will travel to Orlando Stadium where they are scheduled to take on the Buccaneers in a PSL encounter between two teams that are still undefeated in…
