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Korea Development Bank invests in Riiid The story: Riiid, an AI education solutions startup based in South Korea, has secured a US$41.8 million pre-Series D funding round. This brings its total funding to date to US$70.2 million. Investors: Korea Development Bank (KDB), NVESTOR, Intervest, IMM Investment. Plans with the capital: To advance Riiid’s proprietary deep […]

The post In brief: Korea’s Riiid raises US$41.8M; EF unveils 7th Singapore cohort appeared first on e27.

Yes, “acceloration”. That is not a typo. Read on, I’ll explain what it means and why. ‘Disruption’ is a word that many people associate with startups, especially technology startups. Often, people or companies will label themselves as disruptors to give the impression that they are game-changers or trail-blazers within their industries. However, as we will […]

The post ‘Acceloration’: What happens after disruption appeared first on e27.

Though online grocery has been around for years in Vietnam, it’s only started to gain traction since the emergence of the novel coronavirus outbreak. The country’s grocery space has witnessed the spike in demand for home delivery of fresh produce and staples, due to the reluctance of customers to step outside and go to crowded […]

The post Grocery delivery battle in Vietnam: David versus Goliath? appeared first on e27.

Vulpes invests in Hiip The story: Singapore-based influencer platform Hiip has secured an undisclosed sum in a bridge round of funding. Investors: Vulpes Special Opportunities Fund (lead) and other unnamed investors. Plans with the money: To take advantage of potential acquisition opportunities that have arisen as a result of COVID-19. What is Hiip?: It is an […]

The post In brief: Hiip secures bridge funding; Food Asia Award 2020 announces 11 startup finalists appeared first on e27.

Updates: The article has been updated to include information about co-founder Lingga Madu’s departure. Indonesia’s fashion e-commerce platform Sorabel is confirmed to be shutting down by the end of this month, joining the list of startups that were forced to end their operations due to the COVID-19 pandemic. In an internal email to its employees […]

The post Indonesian e-commerce platform Sorabel to shut down by end-July appeared first on e27.

Sega Cheng was pursuing an Engineering Degree at Stanford University 15 years ago when he watched how an Artificial Intelligence-powered, self-driving car roamed around his campus one day. “That was wild to me back then because I thought if one could do something as complex as driving a car with just a machine, imagine what […]

The post ‘We’re imagining a world where any commerce can happen just by phone conversation’: iKala CEO Sega Cheng appeared first on e27.