MyRepublic MD: “We believe the license is ours to lose”

After announcing plans to offer free unlimited data, does MyRepublic have plans to stick it to existing telcos or to throttle their services? On Thursday,*MyRepublic made a splash*by announcing a plan to provide free unlimited data to customers who subscribe to their service before September 30th. e27 sat down with Managing Director Yap Yong Teck,...
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India’s food discovery startup BetterButter bags seed funding

Funding will go towards launching its app, hiring more talent, and building new features such as a*nutritional*information calculator Social media-enabled food discovery platform*BetterButter*announced today that it has raised an undisclosed seed funding led by growx*ventures. Participating investors include Singapore-based investment firm M&Y Growth Partners*and angel investor Manish Singhal. Singhal will also take on the role...
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Shop for customised, multi-utility furniture on this (Wooden) Street

New Indian furniture e-tailer Wooden Street will face tough competition from heavily-funded online players such as Urban Ladder, FabFurnish and Pepperfry Unlike other consumer Internet businesses, furniture is a highly capital-intensive business. From sourcing to delivery, furniture requires a different set of skills to manage compared to other items such as mobile phones or apparels...
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New Indian fund StartupXseed backs anti-malware startup ShieldSquare

The Bangalore-based startup will*use the capital for strengthening its product platform ShieldSquare, a Bangalore-based startup providing SaaS solution that protects online businesses against web scraping and malware attacks, has raised an undisclosed amount in funding from StartupXseed, a new fund co-launched by V Balakrishnan and TV Mohandas Pai (former top executives at Infosys). “We are...
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BOP and Central Bank lobby for Bitcoin accreditation in the Philippines

Now that ride-sharing has been legitimised by the government, it’s the cryptocurrency’s turn A milestone was achieved when the Philippine government allowed official regulation of ride-sharing services Uber and GrabCar. The newly elected board of the Bitcoin Organization of the Philippines (BOP) wants to blaze the same trail for Bitcoin, collaborating with Bangko Sentral ng...
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Uber China raises US$1B from Baidu, Hillhouse, others

Earlier reports suggested that China’s state-run CITIC bank was planning an investment of US$100 million between Uber Global and Uber China The Chinese arm of mobile-based taxi-hailing giant Uber has closed US$1 billion funding round from a group of investors, including Asia’s biggest hedge fund Hillhouse Capital, Chinese Internet giant Baidu, China CITIC Bank, China...
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Japan’s agriculture tech company Farmnote raises US$1.7M

Farmnote wants to integrate*wearable technology*into Japan’s agriculture industry Farmnote, a cloud-based agriculture company, announced a funding round of US$1.7 million from Tokyo-based trading company Kanematsu, Kanematsu Agritech, Japanese mobile gaming company Gree, Colopl Co-founder and Executive Vice President Kotaro Chiba, Six Apart CTO Daiji Hirata and an undisclosed Japanese company. Based in Japan’s northern island...
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