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Zipmex warns of looming economic recession, predicts crypto rebound in 2025

AsiaTechDaily

Register The possibility of an economic recession this year is expected to cause delays in the recovery of the digital assets industry by at least a year or in 2025 yet. But the rebound in the crypto market could be pushed back from 2024 to 2025 if a recession occurs. I believe the increase will only last for a short time.

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

That’s the gap that revenue-based financing platforms like GetVantage want to fill. GetVantage says this includes several debt lines with non-banking financial companies to help scale its financing platform. Vasa said companies typically repay financing in about six to nine months.

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Reliance-backed Dunzo nears fresh funding of $50 million

TechCrunch

The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms.

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Japan’s Zeals raises $38.8M to scale its chat commerce platform

TechCrunch

Mizuho Bank and Mitsubishi UFJ Financial Group also joined in its debt financing. The research also shows that North Asian countries such as China, Japan and South Korea would account for more than 90% of chat commerce spending by 2025.

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Tiger Global and Ribbit invest another $100 million in PhonePe

TechCrunch

Walmart-backed PhonePe has said previously that it plans to raise up to $1 billion as part of the ongoing financing round. “We The startup doesn’t expect to turn EBIDTA positive, a key profitability metric, until calendar year 2025, KMPG wrote in its valuation report.

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Walmart invests $200 million in Indian mobile payments giant PhonePe

TechCrunch

PhonePe has previously said that it plans to raise up to $1 billion as part of the ongoing financing round. “We The startup doesn’t expect to turn EBIDTA positive, a key profitability metric, until calendar year 2025, KMPG wrote in its valuation report. Google’s GPay and PhonePe currently process more than 80% of all UPI transactions.)

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Awak Technologies Raises Over $20M in Series B Funding for Home Dialysis Innovation

AsiaTechDaily

The company aims to refine its ultra-portable peritoneal dialysis (PD) device, gearing it up for the impending final pivotal trial in the United States, scheduled for 2025. The company’s immediate priorities include completing an ongoing human pre-pivotal clinical trial in collaboration with Singapore General Hospital.