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Rivigo, An Indian Logistics Startup That Uses Tech To Ensure Driver Safety, Raises $30M Series B
Rivigo, an Indian startup that wants to build a more reliable and safer logistics network, has raised a $30 million Series B led by SAIF Partners. The funding, which includes equity and debt financing, will go toward improving Rivigo’s proprietary hardware platform, which it uses to reduce driver fatigue, find the best traffic routes, and monitor the performance of its trucks. Read More
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Flipkart Exits The E-Book Business, Transfers Users To Rakuten Kobo
Flipkart, one of the biggest players in India’s booming e-commerce market, has conceded that there is one part of online retail it can’t win, and stopped selling e-books. Users who have already made purchases can still access their libraries on the Flipkart e-book app or through Kobo, the e-book platform owned by Rakuten. Read More
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Fitness Wearable And Coaching Startup GOQii Lands $13.4M Series A From NEA And Cheetah Mobile
Wearable fitness trackers are becoming increasingly popular, but a lot of them are quickly abandoned after the novelty of tracking exercise and sleep wears off. GOQii, however, believes it has landed on the winning formula for long-term success. The Menlo Park, California and Mumbai-based company just raised a $13.4 million Series A, which it will use to expand in the U.S. and China. Read More
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Hyperlocal Logistics Startup Opinio Lands $7M Series A To Launch In New Indian Cities
Opinio is the latest hyperlocal delivery startup in India to score funding. The company announced today that it has raised a $7 million Series A from Delhivery, a logistics firm, Sands Capital, and Accel Partners. iOS App Store Revenue Now 80 Percent Higher Than Google Play, Thanks To China
The move to larger-screened iPhones has led to China becoming Apple’s most important market, according to a new report from App Annie analyzing the impact the country has had on App Store revenues in the region since the launch of the iPhone 6 and 6 Plus last year. According to the analytics firm’s findings, China led all countries in absolute growth in the third quarter of this… Read More
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Why Southeast Asia Is Leading The World’s Most Disruptive Mobile Business Models
Earlier this summer, more than 35,000 industry leaders gathered at Mobile World Congress Shanghai 2015 to discuss the future of mobile, making it the largest-ever mobile-focused event in Asia. I was joined by peers from Netflix, Line, Ola Cabs, Flipkart and Twitter to discuss future business models for the mobile Internet. Most of this discussion steered towards China and India, but I was there… Read More
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How Gulf Countries Can Ignite Their Startup Revolution
There is hardly a day that passes without a new major initiative, announcement or bold proclamation by the Gulf economies of United Arab Emirates, Kuwait, Oman, Qatar, Bahrain and Saudi Arabia to promote tech startups in the region. Be it incubators, investment funds or free zones, you name it and they have it. Read More
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Mobikon Raises $2.3M To Dish Up Marketing Software For Restaurants In Asia
Mobikon, a Pune- and Singapore-based software developer that has its sights set on Asia’s food and beverage industry, has received $2.3 million in new funding led by returning investor Jungle Ventures. The startup, which makes cloud-based software to help restaurants manage almost all aspects of their business, is targeting growth in India, Manila, Singapore, Kuala Lumpur, and Dubai. Read More
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India’s BankBazaar Raises $60M Series C Led By Amazon
BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International. Xiaomi’s New Mi 4i Packs A Gamut Of High-End Features Into A $200 Smartphone
Xiaomi today took the wraps of off its newest smartphone, the Mi 4i, at an event in New Delhi, India. The device, its first to be designed outside of China and first to run Android Lollipop out-of-the-box, will be available for 12,999 INR (around $205) from April 30. It is customized for India, but will sell in other Xiaomi markets too. Read More
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