KKR seeks US$750M to back Asian tech startups

US-based private equity company KKR & Co is reportedly seeking US$750 million for its Asia-focused technology, media, and telecommunications (TMT) fund, according to Dealstreet Asia.

The company has previously funded Filipino tech firm Voyager Innovations as well as in Singapore-headquartered real estate classifieds platform PropertyGuru.

Even though there is no confirmation on the news, the firm is currently in the market to raise US$12.5 billion for its fourth Asia buyout fund, according to a Bloomberg report.

Indian’s Flipkart suspends delivery operations for 21 days

As India enters a 21-month lockdown due to COVID-19, delivery service company Flipkart temporarily shuts down its operations and services for the time being, according to Inc42.

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Flipkart plans to disable all orders but plans to enable categories sequentially.

Senior executives will “evaluate how to get supply chains back in consultation with government and stakeholders, but as of now, the platform will not accept any orders,” according to Adarsh Menon, senior vice president at Flipkart.

The company has also announced on the official website that, “These are difficult times, times like no other. Never before, have communities stayed apart to stay safe! Never before, has been at home meant helping the nations!”

Talend names Adam Dawe new APAC Customer Director 

Singaporean cloud data integration company Talend has announced the hiring of Adam Dawe as Director of Customer Success for the Asia Pacific, according to a press statement. 

Dawe will be responsible for driving regional customer success programme and leading professional services to ensure the proper implementation of customer projects.

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Prior to that, Dawe has served in technical sales, consulting, and customer success leadership roles across Australia/New Zealand and the Asia Pacific.

American accelerator Silicon Road calls applications for its Indian accelerator

US-based early-stage venture capital firm Silicon Road has opened the call for applications for its Indian accelerator today. The accelerator will primarily focus on food tech and retail startups.

Startups will participate in a four-month acceleration programme with access to the mentors from the US, India and Israel. The second cohort will include seed funding, access to mentors in the food and retail space, and infrastructure support.

Startups from the first cohort included GetPY, IndiBean Coffee, Dhriti Bio Solutions, Ornativa Fashion, Q-Online, Meatup and Pickurflick.

Image Credit: Helloquence on Unsplash

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