Deal Street Asia — Information technology firm Cube26 has raised an undisclosed amount in funding from venture capital firm Tiger Global Management, while online organic food brand Naturally Yours has received seed funding from serial entrepreneur and angel investor Sanjay Mehta. In a separate funding round, ZuperMeal has raised $2 million from celebrity chef Sanjeev Kapoor, Ravi Saxena, cofounder of kitchen appliance maker Wonderchef, and others.
Tech In Asia — PLDT Capital, the newly formed investment arm of Philippine telco giant PLDT, announced today it has invested US$10 million in a joint venture with US mobile services and applications company Phunware. The JV “will enable PLDT’s subsidiary ePLDT to market and exclusively distribute Phunware’s targeted mobile and multiscreen solutions in Southeast Asia,” PLDT Capital said in a statement.
Deal Street Asia — Wipro Ltd’s corporate venture arm Wipro Ventures plans to invest in early-stage venture capital (VC) funds based in the US even as it buys minority stakes in early-to-mid-stage start-ups to help fill gaps in its own range of offerings. Wipro’s $100 million corporate venture arm, overseen by Rishad Premji, son of chairman Azim Premji, has minority stakes in four US-based start-ups; India’s third-largest software services firm has until now shied away from investing in VC funds.
IUSB Preface —Nadella said: “We believe that low-priced broadband connectivity coupled with the scale of cloud computing intelligence that can be harnessed from data can help drive creativity, efficiency and productivity across governments and businesses of all sizes”. Google is also taking a similar step by providing free Wi-Fi at about 500 railway stations in India.
Tech In Asia — Macro initiatives were carried out by the government, for example, the trials of Above Ground (AG) boxes, HetNet and the IoT@Home initiative, focusing on collaboration with mainly large tech companies. However, the tech start-ups seem to be missing out on the action. That is a shame as there are nuggets of value that can be extracted from the start-up community.
TechCrunch — When I moved to Taiwan in 2007, I was struck by the large number of independent designers in the city—and how hard it was to find them. Most only sold at weekend craft markets and their online presences were scattered across different blogging platforms and social media sites. In just four years, however, Pinkoi has dramatically changed that, serving not only as an e-commerce platform for small studios, but also as a community hub.
Deal Street Asia — Infosys Ltd has partnered with Palo Alto-based venture capital firm Vertex Ventures US Fund I Lp to boost its access to start-ups focused on disruptive technologies. The move by Infosys Innovation Fund, which has an outlay of $500 million, puts India’s second-largest software services exporter in the league of technology titans such as Google Inc. that (through their corporate venture arms) have partnered with VC firms across the globe to find the next big thing.
Times of India — MUMBAI: Visa, one of the largest payment companies in the world, has junked its mobile payment venture in India after leading telecom companies refused to share their network. The company Movida India, the joint venture that Visa had formed five years ago in partnership with Monitise Plc UK, has shut shop and Naushad Contractor, head of the 50:50 JV, has quit, three persons aware of the development told ET.
Deal Street Asia — The trend of startups raising seed capital to fund their expansion is faring quite strong in India. Tech startup Briston Technomach has raised seed funding from an undisclosed investor, while demand aggregator for diagnostic labs LabStreet has raised $150,000 from multiple investors including Chandigarh-based Click Labs.
ZDNet — Intel Capital, the chip giant’s global investment arm, has injected $67 million into eight Chinese technology companies. The companies include 99cloud, Bluebank, Hampoo, Ninebot, Nuovo Film, PraFly, and AWcloud, which cover a range of industries including smart devices, robotics, Internet of Things (IoT), cloud, big data, and data analytics. Intel Capital also signed an investment agreement with semiconductor design firm, Telink.
Channel News Asia — BEIJING: Chinese Internet company Tencent Holdings has said that it will invest more than US$1.5 billion over the next five years in its cloud-computing business. This will include construction and operation of data centres in China, Hong Kong and North America, and also to recruit new talent and promote cloud services through marketing campaigns.
Digital News Asia — THE startup innovation arms of Singtel (Singtel Innov8), Orange (Orange Fab), Deutsche Telekom (hub:raum) and Telefónica (Telefónica Open Future), said they have joined forces to bridge the startup ecosystems across South-East Asia, Africa, Europe, Latin America and the Middle East. The partnership aims at catalysing the growth of eligible startups and launching them beyond their respective home markets, the four parties said in a joint statement.
Deal Street Asia — Srikant Sreenivasan, co-founder at Mumbai-based cloud technology company CloudLeap Computing Pvt. Ltd, spent four months re-engineering something his company had already built after realizing that they had unknowingly infringed on a patent filed by a multinational company. CloudLeap had to reinvent the wheel since it was catering to clients in the US, where the patent law protects all software, unlike in India, where software was so far patented only if it was used in conjunction with an embedded chip or system.
Tech In Asia — In the last few years, hardware startup activity in Shenzhen has increased dramatically. It is now comparable to the software innovation system in Silicon Valley. The city has several startup accelerators, including Hax. At Tech in Asia Tokyo 2015, Hax general partner Benjamin Joffe explains why Shenzhen is a good hardware innovator.
Digital News Asia — CISCO Systems Inc’s investment arm Cisco Investments has announced a US$10-million investment into Singapore’s Monk’s Hill Ventures’ innovation fund for startups. This fund will focus on early-stage startups working on the cloud, the Internet of Everything (IoE), big data and analytics, mobility and enterprise applications in Asean, Cisco said in a statement.
Deal Street Asia — Indonesia based eFishery, a smart fish feeder manufacturer, has received an undisclosed funding in a pre-series A round led by Aquaspark, a Utrecht (the Netherlands) based aquaculture investment fund, and Indonesian venture capital firm Ideosource. As an Internet of Things (IoT) startup for fish and shrimp farming, the Indonesian firm is tackling one of the largest challenges in commercial aquaculture: feeding operations.
Tech In Asia — Shunsuke Aoki is a husband and father of two first and an entrepreneur second. As the CEO of Tokyo-based startup Yukai Engineering, he’s actively realizing a childhood dream – building robots – while bearing in mind his own children’s interactions with technology. Founded in 2007, Yukai has spawned a number of cute robots and other fun gadgets.
India Times — BHOPAL: Ahead of the commencement of World Hindi Conference here, a Hindi networking site ‘Mooshak’ envisaged on the lines of popular English social media platform Twitter was launched today. This new networking site is targeted at Hindi language buffs. The word limit on Twitter is 140, while in ‘Mooshak’ it is 500 words, the Hindi networking site’s Chief Executive Officer (CEO) Anurag Gaud told reporters.
China Tech News — Legend Holdings announced a USD58.5 million strategic investment in Social Touch, a corporate mobile social marketing solutions provider in China. Social Touch, which was formerly known as ShiquTech, was established in 2011. As a social management system, service and data solutions provider, the company mainly focuses on providing Social CRM solutions to enterprises.
Tech In Asia — “There’s a ton of bullshit in people’s CVs, especially about IT skills,” says Dann Angelo De Guzman, founder of Philippine startup CloudSwyft. This is a major problem for employers that CloudSwyft wants to solve. Dann says IT guys often oversell themselves or lie about their abilities. Unsuspecting employers who rely on paper resumes and in-person interviews discover this only when the candidates have been hired and are in action. The result: time and money wasted.