Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is surely one of the most exciting startup stories in Asia this year. Here is part two of a two part article about their founding story, growth, and ambitious plans for the future. Click here for part…

Only three years after the first acquisition Yello Mobile has raised $78M, is nurturing an alliance of 35 startups, is profitable to the tune of $1.5M per month and plans to IPO next year. This is surely one of the most exciting startup stories in Asia this year. Here is part one of a two part article about their founding story, growth, and ambitious plans for the future. Part 2 coming tomorrow….

Correction: The ‘won figure’ for the investment originally quoted was wrong and should be 18 Billion won (not 180 billion won. The fugure of around $18 million is correct. Bain Capital has today announced that they have led a series A investment into Korean car sharing company, Socar. The total investment raised in this series A round is 18 billion won (equivilent to around $18M). Insiders point to a dramatic rise in…