The judicial commissioner said it wasn’t appropriate to use a winding-up application as a quick fix for the dispute between founders.
The foodtech decacorn joins the likes of Ola, FirstCry, and MobiKwik in India's IPO pipeline.
https://www.techinasia.com/swiggy-aims-raise-125b-planned-ipo
Run:ai develops software run on the Kubernetes system to help businesses manage their computing needs more effectively.
https://www.techinasia.com/nvidia-shells-out-700m-to-scoop-up-israeli-ai-startup
The expansion comes a month after the Singapore-headquartered cashback and rewards platform cut 24% of its workforce.
The move comes a year after the payments firm launched in Canada, China, and Israel and after it acquired a fintech firm in Mexico.
https://www.techinasia.com/airwallex-expands-payment-services-to-the-us
The US$5 million funding from Credit Saison's SIMPL comes after the Philippine BNPL startup doubled its revenue in 2023 while staying profitable.
https://www.techinasia.com/billeases-credit-facility-hits-40m-with-new-saison-investment
That company said SenseNova 5.0, the latest version of its LLM, can exceed the capabilities of OpenAI's ChatGPT-4.
https://www.techinasia.com/sensetime-pauses-trading-stock-rises-30-model-launch
The sentence, given after Changpeng Zhao pled guilty to money laundering violations, exceeds US federal guidelines, Reuters noted.
https://www.techinasia.com/binance-founder-jailed-36-months-prosecturos
Ankiti Bose, who was fired from Zilingo in 2022, claims that co-founder Dhruv Kapoor and ex-COO Aadi Vaidya had misled her and investors.
https://www.techinasia.com/zilingos-ankiti-bose-files-criminal-complaint-cofounder-coo-report
Uncharted's founder is Jiawen Ngeow, who left NFT marketplace Mintable in 2023 following a legal battle with its CEO.
https://www.techinasia.com/shima-capital-takes-lead-17-million-seed-funding-uncharted
ByteDance has a year to sell its US operations or face a ban, according to the bill, though founder Zhang Yiming previously said it did not intend to sell.
https://www.techinasia.com/tiktok-stares-potential-ban-foreign-aid-bill-passage
With the deal, Thunes would expand its offerings to new merchants, like those in Tilia's niche of online games, virtual worlds, and creator economies.
https://www.techinasia.com/thunes-moves-gaming-payments-tilia-deal
FPT is listed on the Ho Chi Minh City stock exchange and is valued at US$5.5 billion.
https://www.techinasia.com/fpt-nvidia-join-forces-200-million-ai-factory-project
Sunil Yadav was Amazon Ads' head of commercial for EMEA and Southeast Asia, while Elliot Renton led a sales team at AWS Asia Pacific.
https://www.techinasia.com/singaporebased-amazon-execs-feel-brunt-employee-cuts
Global VC firm Illuminate Financial led the pre-series A funding round, with participation from AC Ventures, Accel, and B Capital.
https://www.techinasia.com/indiabased-accacia-bags-65m-real-estate-decarbonization-tool
The partnership, aimed at reducing customer wait times and increasing service reliability, rolls out on April 29.
https://www.techinasia.com/gojek-comfortdelgro-taxi-swap-unclaimed-rides-partnership-launch
Toku, which creates bespoke cloud communications and customer engagement solutions for enterprises, aims to achieve EBITDA breakeven by Q4.
https://www.techinasia.com/toku-predicts-50-revenue-surge-aichat-acquisition
Malaysia is also offering subsidies for office rentals and visa waivers to global tech companies expanding to the country, Bloomberg reported.
https://www.techinasia.com/malaysia-set-627m-fund-startups-southeast-asia
Atome, the company's BNPL unit, also turned profitable in 2023.
https://www.techinasia.com/atome-bnpl-experiences-notable-130-revenue-boost-entering-profitability
Stoxkart competes with players such as Zerodha and Groww.
https://www.techinasia.com/online-trading-app-stoxkart-nets-12m-tech-improvement
The B2B fintech startup had been on a path to profitability in 2023. But it fell short, and shut down on December 31, founder Ned Phillips confirmed.
https://www.techinasia.com/sg-roboadvisory-firm-closed-2023end-missing-profitability-target-founder
The bank aims to launch services for businesses by 2025, especially those using platforms like TikTok and Instagram, reported Fintech News Malaysia.
https://www.techinasia.com/aeon-eyes-launch-islamic-digibank-gen-msmes-malaysia
Piyush Gupta's upcoming business will concentrate on secondary transactions, which are rising in India, reported Tech Crunch.
https://www.techinasia.com/peak-xvs-executive-stepping-venture-report
Chery is the eighth Chinese car company to establish a base in the Southeast Asian country, Reuters reported.
https://www.techinasia.com/chery-sets-output-50k-hybrid-electric-cars-upcoming-thai-plant
The deal involves a 67% share purchase through an all-cash transaction.
https://www.techinasia.com/indias-aurionpro-acquires-ai-firm-aryaai-165m-deal
The quick commerce unicorn did not agree on Flipkart's request to gain controlling interest, reported The Economic Times.
https://www.techinasia.com/zepto-declines-flipkart-deal-targets-25b-valuation-funding
Founded in 2020, the biotech startup is developing next-generation sequencing for the diagnosis of cancer and other diseases.
https://www.techinasia.com/east-ventures-bets-indonesias-pathgen-improve-cancer-diagnoses
The investment, which will be spread out over the next decade, comes after companies like Microsoft and OpenAI made similar moves in the country.
https://www.techinasia.com/oracle-deploy-8b-fuel-japans-cloud-ai-growth
The removal comes amid an increasingly tense climate between the US and China on tech products.
https://www.techinasia.com/apple-enforces-chinese-law-drops-meta-apps
The Llama 3 is available on the new version of the Meta AI virtual assistant, said Meta chief Mark Zuckerberg in an Instagram post.
https://www.techinasia.com/meta-launches-version-language-model-llama-3
Diagnos, which is listed on the IDX, is primarily owned by entities related to the Bunda chain of maternity hospitals.
https://www.techinasia.com/diagnos-acquires-dna-firm-asa-ren-with-24m-move
Altum Credo aims to expand its operations into central and northern India.
https://www.techinasia.com/indian-housing-finance-firm-secures-40m-to-support-lower-income-groups
Launched as a math-focused app in 2020, Gauth lets users snap a picture of an assignment and get AI-powered solutions.
https://www.techinasia.com/bytedances-ai-homework-helper-now-second-most-popular-edtech-app-in-us
The AI firm, whose founders include a Singaporean and an Indonesian, said its Reka Core model outperforms Google's Gemini Ultra on video tasks.
https://www.techinasia.com/reka-launches-multimodal-language-model
Beyond Odds Technologies aims to create a high-quality supply of Indian gray-collar workers to solve both local and global manpower needs.
https://www.techinasia.com/ex-unacademy-coo-secures-11m-transform-india-gray-collar-jobs
The mobility company, whose AI-powered dynamic routing algorithm helps generate efficient travel routes, counts Japan as its biggest market.
https://www.techinasia.com/singapore-swat-mobilitys-bags-38m-eyes-profits-2-years