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The fund is anchored in the United States with lead investor Tim Draper.

China has managed to produce 16% of its chips domestically as equipment delays hamper push toward 2025 target.

Several major mutual aid platforms have been suspended this year, while regulators are determined to rein in tech firms’ control of insurance-like services.

Swiggy Bazaar will face tough competition from incumbents like SoftBank-backed Meesho, InMobi-owned Shop101, Korea Investment Partners-backed GlowRoad, and Tiger Global-backed DealShare.

Internet platforms have long played a significant role in coordinating relief efforts during natural disasters.

The firm will write checks from USD 500,000 to USD 10 million for companies in the region.

Tokyo had an inside track with Taiwan semiconductor giant in joint R&D deal.

The firm said its valuation has tripled since its founding