Japan’s Mitsui invests $58M in ADA via Axiata Digital, valuing ADA at $550M
Following the investment, Mitsui’s stake in ADS will increase from 3.29 percent to 20 percent, resulting in an effective 12.69 percent stake in ADA.
Indonesian pet health and nutrition company secures new funding led by East Ventures
Compawnion, an Indonesian pet food company, has secured a new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia and Southeast Asia. The fund will…
Funding Societies raises $7.5M in debt from Norfund
Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5…
Singapore’s SPH Media to acquire tech media firm Tech in Asia
Financial terms of the transaction will not be disclosed.
NTT DATA gets contract from Singaporean government to provide data platform for EV
NTT DATA Singapore (NTT DATA), a unit of the Japan-based telecommunications firm NTT Group, has announced a groundbreaking partnership with electric vehicle (EV) ecosystem…
MoMo integrates payment solution into the Grab app
MoMo, Vietnam’s fintech unicorn, and Grab Vietnam have on Wednesday announced the integration of MoMo’s payment solution into the Grab app. This partnership aims to provide users…
Singapore’s VE Technology raises $21.9M in funding led by Mox Capital
VE Technology Group, a Singapore-based enterprise tech ecosystem, has announced a SGD 30 million ($21.9 million) funding round led by alternative investments think-tank Mox…
E-Conomy SEA 2023 report: Southeast Asia’s digital economy is set to hit $100B in revenue
Southeast Asia (SEA)’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7 times as fast as the region’s gross merchandise value (GMV), Google,…
Softbank-backed WeWork plans to file for bankruptcy – report
Shares of WeWork plunged following the bankruptcy plan news. WeWork shares fell by more than 40 percent in after-hours in New York trading on Tuesday.
Carousell partners YouBiz to boost digitalization among startups in Singapore
Two leading homegrown start-ups in Singapore, Carousell and YouBiz, have on Wednesday announced a strategic partnership to help local small and medium-sized enterprises (SMEs) and…
Funding into Mental HealthTech startups takes a hit in 2023: Tracxn
Funding into Mental HealthTech startups takes a hit in 2023 due to the ongoing economic slowdown and other macroeconomic factors affecting the cash flow globally, Tracxn said…
Indonesian startup Mimin expands Generative AI services to Malaysia and Singapore
Mimin, the Indonesian platform enabler revolutionizing customer service through artificial intelligence (AI)-driven chat, has announced its expansion into Malaysia and Singapore.
Empowering excellence: Women at the forefront of cyber resilience
The #cybersecurity industry has historically been characterized as a male-dominated field. This industry has seen a great scarcity of women forging a career within its ranks. In…
Lessons from the fallout of JPEX: Rethink compliance in crypto business
The industry desperately needs to refresh how it does marketing to avoid lasting reputation damage.
