Southeast Asia
Tencent cloud gaming is set to enter the South Korean and Southeast Asian markets. Tencent is currently looking for partners in South Korea and Southeast Asia to provide cloud gaming services, according to Reuters. Tencent sees potential in the Southeast Asian market in particular, where users are less keen to play games on consoles such as the Playstation and Xbox, according to Tencent Cloud Gaming Solutions product manager Li Guolong.
India
Rumor has it that Swiggy may raise up to $750 million. Swiggy is in advanced discussions with investors to raise up to $750 million in new capital, according to people familiar with the matter. The round is led by Naspers, which is said to be putting in about $350 million. Korean investors will invest $50 million. With $540 million already committed, Naspers could inject more into Swiggy if existing shareholders or new investors fail to provide the remaining funds.
Walmart invests $50 million in Ninjacart. According to reports, Ninjacart will receive its first $10 million investment in the next three weeks. Meanwhile, with the investment, Walmart will get a seat on Ninjacart's board of directors.Flipkart is expanding its grocery business to five cities this year, and Walmart may be considering integrating Ninjacart's supply chain with Flipkart's distribution.
Home services platform UrbanClap has raised $75 million in Series E funding. The round was led by Tiger Global and other participants included existing shareholders Steadvidew Capital and Vy Capital.Founded in 2014, Urbanclap is one of the key players in the home services industry, offering services in India and the UAE. Currently, the company works with over 20,000 professionals on its platform and can offer services such as beauty, spa, cleaning, carpentry, home appliance repair, etc.
ET: Alibaba-Paytm gaming JV seeks to raise $25 million. Paytm First Games, a joint venture between Alibaba's AGTech and Paytm, is in talks to raise $25 million from new investors, Economic Times reported, citing two people familiar with the matter. According to Sudhanshu Gupta, chief operating officer of AGTech, the platform has grown many times over the last year; the company is considering doubling the size of its workforce, investing in tech platforms, and organizing e-sports events.
(sth. or sb) else
North American delivery provider DoorDash buys rival Caviar for $410 million.In an effort to expand its presence in urban centers, delivery provider DoorDash has agreed to buy its rival Caviar for $410 million, according to a foreign media report, in what is DoorDash's first large-scale acquisition.DoorDash is already providing delivery services to more than 3,000 restaurants in more than 4,000 cities in the U.S. and Canada to deliver to more than 3,000 restaurants in more than 4,000 cities, but has historically grown in the suburbs. Caviar, meanwhile, has focused on growing in urban centers.
Cross-border e-commerce platform "Wish" completed the H round of financing. 36 Krypton learned that cross-border e-commerce platform "Wish" was led by General Atlantic H round of financing, valued at $11.2 billion. In 2017, Wish completed a G round of financing, valued at $8.7 billion. Investors include Interlight Capital, Founders Fund, Jiyuan Capital, GST Global, Temasek, etc. Tanzeen Syed, Managing Director of General Atlantic, joined the board of directors of Wish through this investment.
Caper, a retail automation solution company, has closed a Series A round of funding of nearly $10 million. 36 Krypton has learned that Caper, a U.S.-based retail automation startup, recently closed a $10 million Series A round of funding led by Lux Capital. The round was led by Lux Capital, with participation from Y Combinator, First Round Capital, Funders Club and major U.S. supermarkets. With this round of funding, Caper will expand its team and enter into more countries and regions, mainly utilizing AI, IoT and big data technologies to speed up the shopping process and improve the shopping experience.
"Tokyo Financial Rewards 2019 is an event supported by the Tokyo Metropolitan Government to honor Japanese or foreign financial firms that propose innovative solutions to financial problems faced by Tokyo residents and actively promote ESG investment.
In 2018, 36Krypton and 36Kr Japan, 36Krypton's overseas station, were invited to participate in the Japan Venture Capital Tour as the event's partner, and actually felt the warm attention of the Japanese VC circle to the fintech industry.
This year, we will continue to be a partner of the event. If you want to solve Tokyo's financial problems, gain access to the Tokyo market and improve your company's reputation in Japan, you are welcome to apply for the event's "Financial Innovation" category, with 10 million yen (approximately 92,000 U.S. dollars) going to the first prize winner.
Application Deadline: 22:59 pm (Beijing time), August 23, 2019
Application website: https://finaward.metro.tokyo.jp/en/citizen-needs/entry/
