Chinaccelerator Daily Digest 2020/04/16

CHINA:

1 China’s largest utilities companies, State Grid 国家电网 and Southern Power Grid 中国南方电网 will spend $570m on charging stations this year

2 Chongqing is launching a blockchain alliance and public service platform

3 Short seller says China edtech firm GSX 跟谁学 inflated revenue by 70%

4 E-Commerce Giant Pinduoduo 拼多多 Launches New Services Duoduo Biyou 多多比优 To Diversify Its Business

5 Chinese smart lighting brand Yeelight 易来 closes Series C+

6 China’s science service provider Titan Scientific 泰坦科技 refiles for STAR Market IPO to raise $76m

7 Chinese Medical Device Firm NewMed 纽脉医疗科技 Raises $14M In Series B+ Round

8 Chinese AI chips accelerator Westwell 西井科技 snags $14m

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MOBILE-ONLY MARKETS:

1 Indian startups raise at least $4.33b in Q1

2 ScaleUp Malaysia, a country-based accelerator to invest $46k in 10 firms

3 Indonesian Fintech company LinkAja launches new sharia-compliant e-money service

4 Bengalura-based vernacular content platform ShareChat eyes AI, ML startups

5 India’s FarEye raises $25M to grow its logistics SaaS startup in international markets

6 Indian fintech startup Setu raises $15M to help developers connect with banks to offer Indians ‘sachet-sized’ financial products

7 Philippines-based cloud kitchen startup CloudEatsbags secures $1.4 million in seed funding

8 Singapore-based foodtech startup Hoow Foods raises pre-Series A

CROSS-BORDER:

1 HK-based fintech unicorn Airwallex snags $160m Series D funding for US, Europe expansion

2 Indian online grocer Bigbasket raises $50m debt funding from Alibaba

3 Indian digital lender Capital Float nabs $15m from Sequoia, Amazon, others

4 Temasek-backed Reefknot, Mastercard co-lead $11m round in UK fintech Previse

5 Sirius Venture co-leads $3m funding in Israel-based foodtech company Hargol

OVERSEAS:

1 Microsoft plans Planetary Computer to assess the Earth’s health

2 Uber claims its AI enables driverless cars to predict traffic movement with high accuracy

3 Waze reports 60% drop in miles driven globally during pandemic

4 AI behavioral startup BioCatch raises $145 million

5 Onfido, the AI-based ID verification platform, raises $100M led by TPG

6 Attentive raises another $40M for mobile messaging, will invest in helping customers respond to COVID-19

7 Cybersecurity startup Awake Security To Expand Operations After Securing $36M Series C

8 Austin-Based Coder Raises $30M For Cloud-Based Software Development

9 Retail tech startup Edited Raises $29M In New Round Led By Wavecrest Growth, Beringea UK

10 Slite raises $11 million to simplify document sharing and workplace collaboration

11 Frame AI raises $6.3M Series A to help understand customers across channels

12 UK fintech company Credit Kudos raises $6.3M Series A to use open banking for credit scoring

13 Superplus Games raises $4.7 million to bring player-versus-player competition to casual gamers

14 Austin-basesd Gembah Secures $3.28M Seed Funding Round For Product Development Platform

Image Credits: TechNode