Singapore-based Accelerating Asia announces fifth cohort with nine startups
The startups cover eight verticals: fashion e-commerce, agritech, FinTech, e-commerce, HealthTech, InsurTech, and EdTech, industries that are poised to grow significantly and…
Mynt secures $300M funding from lead investors Warburg Pincus, Insight Partners and Bow Wave, now valued at over $2B
Since the onset of community quarantines as a response to COVID-19, Mynt has been at the forefront of the digital transformation of Filipinos as the 'go-to' payment and financial…
Indonesia’s Open Labs launches $100M fund to invest in e-commerce sellers
The fund will invest in high-potential businesses and help them grow online, scale operations and become great consumer brands. Touted as the biggest fund among brand aggregators…
Malaysia proposes various tax exemptions for EVs in Budget 2022
To support the development of the local EV industry, the government proposes to provide import duty, excise duty and sales tax exemptions on EVs.
Foodpanda Malaysia apologizes, updates its Wastage Policy amid several vendors’ protests & complaints
Foodpanda Malaysia’s statement came after local media reported that several vendors on the platform have called for protests against ‘hidden’ or promotion charges which caused…
Singapore private equity firm Tembusu Partners launches $100M sustainable fund with Eco-Business
The fund will take a broad sector approach and focus on the five high opportunity areas it has identified: energy transition, climate action, sustainable cities, and circular…
ShopeePay partners Malaysia’s GHL to expand its digital payments in the Philippines
ShopeePay e-wallet users will now be able to pay at establishments such as Phoenix Petroleum, Family Mart, Three Sixty Pharmacy, Prince Retail, and more chains nationwide.
India hyperlocal e-commerce platform LoveLocal raises $18M pre-Series B round led by Vulcan Capital
LoveLocal's Pre-Series B marks the largest round ever raised by a solo woman tech founder in India. This represents a huge step forward in the Indian startup ecosystem and comes…
Malaysian investment firm Kenanga Investors launches fund to invest in tech firms
The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public…
Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering
The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of…
Singapore insurer NTUC Income expands Insurance-as-a-Service to Indonesia, Vietnam, Malaysia via partnerships
These strategic alliances are built on Income's Insurance-as-a-Service (IaaS) model that enables the company to bring digital-first insurance business models to partners overseas,…
Philippines cloud kitchen startup CloudEats closes $5M Series A with Vulpes, Gobi Partners, and Alibaba-backed BAce Capital
Funds raised in this round will be utilized to scale CloudEats’ proprietary smart kitchen technology, open cloud kitchens in more markets across the region, and develop new…
Wavemaker Partners launches climate tech venture builder Wavemaker Impact with $25M target for its first fund
Wavemaker Partners believes that climate change is an existential threat for the region, with three of its largest cities facing the threat of being underwater by 2050. Thus, the…
UK AdTech Admix raises $25M Series B for APAC expansion, looks to scale as the content monetization layer for the metaverse
The funding will be used to scale up its In-Play solution worldwide and establish the company as the content monetization layer for the metaverse
