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3 Startup Funding News From Asia

Lybrate Raises New Funding. Indian Healthcare startup Lybrate raises $10.2 M funding from Tiger, Nexus and Ratan Tata. The startup aims to utilize the funds to develop products, hire talent, better technology and scale operations. Lybrate enables patients to communicate with doctors by using its mobile app or online platfrom from anywhere and anytime. It helps connect doctors and patients through its health app and let them talk. Founded in 2013, the startup aims to disrupt healthcare delivery industry.

Uber of China Didi Kuaidi Raises New Funding. The startup said it has raised US$2 billion in funding from Capital International Private Equity Fund and Ping An Ventures, as well as few others unnamed global investors. Existing investors of Didi includes like Alibaba, Tencent, and Temasek and these three investors also contributed to this new investment.

Japanese complicated women fashion startup Standing Ovation raised new fund. The startup said it raised JPY 140 million (approximately US$1.14 million) from Gumi Ventures, DBJ Capital, iStyle Capital, and angel investors. The startup has built where people can upload and share their existing clothings and get public feedback.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at [email protected]

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