Robotic pizzamaker Zume is laying off half its staff and will stop making pizzas, its co-founder and CEO has announced. Alex Garden said the California-headquartered firm will now concentrate on its packaging…
Israeli Tech Firms Pull in Record Funding in 2019
Israeli tech firms received $8.3 billion in venture capital last year, crowning a record-breaking decade for the digital nation. The figure, which represents a 30% increase on 2018’s $6.4bn, and caps the…
Indonesian EdTech Startup Ruangguru Wins $150m Series C Round
Ruangguru, an education tech startup founded by one of Indonesian President Joko Widodo’s “millennial advisors”, has secured a $150 million Series C funding round led by General Atlantic and GGV Capital. The…
How a Data-driven Approach Helps NBFCs Offer Secure Smartphone Financing
By Neel Juriasingani, CEO and co-founder, Datacultr The Digital India campaign, launched by the Government of India in 2015 aimed at making the country digitally empowered, has seen many successes. Digital India…
Ant Financial to Open $1bn SEA and India Fund
Ant Financial, part of the Alibaba Group and formerly known as Alipay, will invest heavily in the future of Southeast Asia and India with the creation of a $1 billion fund dedicated…
“AI Goes Beyond Algorithmic Brilliance” – OurCrowd CEO Jon Medved
Jon Medved, CEO of equity crowdfund OurCrowd, is one of Israel’s leading AI investors. But, the enigmatic, Hawaiian shirt-loving VC says, deep tech brings its own deep and unique issues for entrepreneurs.…
Emirati Startup Bayzat Wins $16m Funding
Dubai-based Bayzat, which offers e-insurance and HR solutions, has won a $16 million Series B funding round to expand its enterprise HR and payroll resources. The round was led by Steve Cohen’s…
EdTech Startup AttainU Receives Angel Funding from Heavyweight Investors
Bangalore-based AttainU, an online platform offering live tuition courses, has won an angel investment funding round led by several of India’s leading tech lights. The backers include ex-Google India chief Shailesh Rao,…
2019 Red Herring Asia – Attendee Registration Form
Venue: Shangri-La Hotel – Bangkok, Thailand (October 8th-10th) Join us in October 2019 to celebrate the top private companies in Asia. Red Herring’s editorial team will analyze hundreds of cutting-edge companies and…
Alibaba Pays $2bn for Chinese E-Commerce Firm Kaola
Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own…