In addition, EpiFi, a digital bank founded by former Google executives, completed $ 13.2 million in seed round financing; India’s early-stage venture capital company Ankur Capital completed its first round of fundraising and raised about $ 33.8 million.
India
EpiFi, a digital bank founded by former Google executives, has raised $ 13.2 million in seed funding. According to ET Tech, investors in this round of financing include Sequoia Capital, Ribbit Capital, Hillhouse Capital, etc. After this round of financing, EpiFi’s valuation will reach $ 50 million. It is reported that EpiFi was founded only 8 months ago and has 20 employees recruited from technology companies such as Google, PayPal and Netflix. According to reports, well-known venture capital injections of EpiFi also show their concern for digital banking.
Wal-Mart fires 56 executives, including 8 executives, from India. Kirich Iyer, president and CEO of Wal-Mart’s Indian subsidiary, confirmed on Monday that the company has fired 56 executives, including 8 executives. Iyer said that previous reports that the company would carry out another round of layoffs in April were baseless. Earlier it was reported that Wal-Mart’s Indian subsidiary plans to cut more than 100 administrative staff and plans to carry out a second round of layoffs in April. (Sina Finance)
Online home design company Livspace has raised about $ 100 million in a new round of financing. According to DealStreetAsia, the investors of this financing are European investment management company Kharis Capital, Singapore’s Venturi Partners, and so on. To date, Livspace has raised more than $ 95 million in funding. The startup plans to use the funds to expand its operations in India and Singapore, and further expand into second- and third-tier cities in India.
Ankur Capital, an early stage Indian venture capital firm, completed its first round of fundraising for its second fund, raising a total of approximately $ 33.8 million. According to ET Tech, the main investor in this round of financing is CDC, a UK development financial institution. It is reported that Ankur Capital mainly focuses on Pre-A round financing in a variety of fields such as agricultural technology, food, dialect technology, healthcare, education, retail and logistics.
Southeast Asia
Grab names former Unilever executive Nguyen Thai Hai Van as its managing director in Vietnam (Managing Director). According to KrASIA, Van will oversee the strategy and operations of all Grab’s businesses in Vietnam. This appointment marks another major change for Grab. It is worth noting that since the departure of Christy Trang Le in September, Gojek’s subsidiary in the country, GoViet, has not appointed a CEO. The CEO of local rival Be also resigned last month.
Southeast Asian super app Grab and global insurance company Chubb have launched a new insurance product called Travel Cover. According to Tech in Asia, Travel Cover will be operated by Grab Financial Insurance Group’s insurance platform GrabInsure Insurance Agency. Users can buy their travel insurance products in the Grab app for as low as S $ 2.50 / day. According to a company statement, its products will be rolled out to other markets in Southeast Asia in the coming months.
Latin America
Mexican fashion startup Someone Somewhere completes a funding round led by DILA Capital and plans to enter the US market. According to Contxto, this is the second round of financing the company has completed, and the exact amount has not been disclosed. Previously, the company had received a $ 2 million investment. The sales channels are mainly major e-commerce platforms and four physical stores opened in Mexico City. In 2018, the company opened a physical store in Los Angeles to test the US market.
Others
Samsung has a market value of 301.6 billion U.S. dollars, ranking 18th in the world and rising 10 places in the past year. According to foreign media reports, today’s data shows that the world’s largest memory chip maker Samsung Electronics has a market value of 301.65 billion US dollars, ranking 18th in the world, and has jumped 10 grades in the past year. (Tencent Technology)
文 | 杜俊 @ 出海
Edit | 赵小 纯 @ 出海
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