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The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money. The luxury fashion resale market is one of them in Asia.  Kream, a reselling platform that buys, sells and trades luxury goods like handbags, clothing, accessories, said it has completed $168 million (220.6 billion won) […]

Reselling marketplace Kream’s valuation rises to $742M with $168M Series C by Kate Park originally published on TechCrunch

In emerging markets like Africa, offline retail dominates most product sales, driven by informal trade, and cash-based transactions. This makes the sourcing of data on the true market value or sizes of products a herculean task. Yet, local and international brands require data, for instance, on market size and value, consumer profiles and their purchasing […]

Rwazi to scale its market intelligence platform backed by $4 million seed funding by Annie Njanja originally published on TechCrunch

YouTube is shutting down its live social commerce app Simsim less than two years after acquiring the Indian startup but insists that it’s committed to building “a seamless shopping experience for viewers and supporting creators’ businesses.” Simsim helped small businesses in India transition to e-commerce by leveraging the rising popularity of video and creators. The […]

YouTube shutting down Indian social commerce app Simsim by Manish Singh originally published on TechCrunch

Open Network for Digital Commerce, the Indian government-backed initiative that is attempting to “democratize” e-commerce, has set its eyes on another industry it would like to disrupt. ONDC, a nonprofit firm set up by India’s commerce ministry in 2021, will open up its railroads to serve mobility firms, it said at a press conference in […]

India government-backed open e-commerce network expands to mobility by Manish Singh originally published on TechCrunch

WhatsApp announced a new Windows client today with performance improvements and better calling features. The new version also supports multi-device sync so you can use WhatsApp even if your phone is switched off. Mark Zuckerberg posted on his Instagram Channel about the announcement saying that the new Windows app enables end-to-end encrypted group calling. The […]

WhatsApp introduces a new Windows client with better calling features by Ivan Mehta originally published on TechCrunch

Southeast Asia’s mental health startups are getting more investor attention. Last week, Intellect announced a strategic investment from IHH Healthcare, Asia’s largest private healthcare group. Now Thoughtfull, another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Sheares is a wholly-owned subsidiary of […]

Temasek’s Sheares Healthcare backs Asia-focused mental health startup Thoughtfull by Catherine Shu originally published on TechCrunch

Epic Games announced a new system for paying creators on Fortnite, the ultra-popular, free-to-download battle royale game. Announced on Wednesday at the Game Developers Conference, Epic will now share 40% of Fortnite revenue with anyone who design “islands” in the game. This includes money that Epic earns from the purchase of V-Bucks (in-game currency), real […]

Epic launches Unreal Editor for Fortnite, will give 40% of all revenue to creators by Amanda Silberling originally published on TechCrunch