Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Philippines and Indonesia.
Yesterday it transpired that Zalora sold 49 percent of its Philippines-based operations to local real estate firm Ayala, as E27 reported, but it is in the process of… Read More
from TechCrunch
Privacy Labs, a stealth-stage startup that wants to enable internet users to “regain control” of their personal data, has landed a $4 million seed funding round. The company doesn’t have a product right now and is cagey about what it will eventually release, but nonetheless its promise has persuaded Initialized Capital to lead this round. Other investors… Read More
from TechCrunch
Hiatus, a New York-based startup that helps you identify (and potentially cancel) your monthly reoccurring subscriptions, has raised $1.2M in seed funding. Founded in 2015, Hiatus first connects to your bank account and identifies your paid reoccurring subscriptions, some of which you may have forgotten you’re even paying for. Each month it will notify you before an auto-payment happens,… Read More
from TechCrunch
As pollution, extreme weather, and over-population threaten the viability of large, outdoor farms, a startup called Bowery Farming Inc. has raised $6.3 million in venture funding to grow food indoors, even in the middle of a city. The startup’s high-tech approach uses robotics, LED lighting, computer vision, sensors and data analytics to grow leafy greens with no pesticides and very… Read More
from TechCrunch
Wix.com has made another acquisition to build out the tools that it provides to users to build and administer websites: it has acquired DeviantArt, an online community for artists, designers and art/design enthusiasts with some 325 million individual pieces of original art and more than 40 million registered members, for $36 million in cash, including $3 million of assumed liabilities.
For… Read More
from TechCrunch
Lower airspace isn’t crowded with drones quite yet. But as drones become more pervasive, a startup called AirMap is building software and system to help drone operators fly only where it’s safe and legal to do so. The task will prove completely different than that of managing airliners as we do today, says AirMap CEO and cofounder Ben Marcus who is also serving as the co-chair for… Read More
from TechCrunch
K2 Global is announcing a $183 million venture capital fund targeted at early stage startups with global aspirations. The fund is closing significantly larger than the $58 million the firm initially raised. With a decentralized team and no Sand Hill Road office, K2 Global aims to bring Valley hustle to international technology investing. In contrast to well known VC firms like Sequoia and… Read More
from TechCrunch
Printerous, an Indonesia startup that is bringing the country’s printing industry into the digital era, has raised $1.4 million. The round was led by Golden Gate Ventures with participation from U.S. firm Sovereign’s Capital and Indonesian conglomerate Gunung Sewu Kencana.
The two-year-old company is using the internet to make traditional printing more efficient and convenient. Read More
from TechCrunch
Monzo, one of a number of so-called “challenger” banks in the U.K. aiming to re-invent the current account, has disclosed details of its new funding round — confirming our scoop from earlier this week. Read More
from TechCrunch
Indonesia-based early-stage investment firm Kejora has announced the first close of a second fund which is targeted at $80 million for investments in Southeast Asia. Kejora, which is known for its Ideabox accelerator program in Jakarta, has secured one-third of its target, with investment from LPs that include Indonesia’s Barito Pacific Group, Thai conglomerate Charoen Pokphand Family… Read More
from TechCrunch