Delivery Hero scales down its German operations, plans to divest its Japanese entity
Delivery Hero SE, the Germany-based local delivery platform, has announced plans to scale down its German operations, foodpanda Germany, to a Berlin-based hub focused on…
True Global Ventures invests $25M into Web3 companies and blockchain
Singapore-based venture fund True Global Ventures 4 Plus (TGV4 Plus) Fund is investing about $25 million into the equity of five industry-redefining Web3 and blockchain. The fund…
The future of food
With global food systems already making up about a third of all man-made greenhouse gas emissions, moving to more sustainable food production, delivery and consumption, is…
Singaporean fintech GEKO acquires EV bike-maker SWAG, plans pre-Series A round in early 2022
Following the acquisition, the combined SWAG and GEKO group plan to hold a pre-Series A funding round, with a combined entity value of $25 million in early 2022.
Vietnam’s e-wallet firm MoMo raises $200M, now a unicorn valued above $2B
The company will also expand and strengthen its services in tier 2 and tier 3 cities as well as rural areas.
L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic
L'Oréal will be doubling down on social commerce with an aim to roll out its social commerce initiative to 250 salons across Malaysia in 2022.
Beyond affordable prices for premium items, Retykle’s circular fashion provides a sustainable solution to high-end apparel e-commerce [Q&A]
Retykle is Asia’s first online resale platform or buying and selling pre-loved high-end babywear, kids wear and maternity fashion. It was set up with the aim of providing users…
Indian B2B ecommerce marketplace Jumbotail raises $85M Series C round led by Invus
Jumbotail has raised an $85 million Series C round led by Artal Asia Pte. Ltd. Jumbotail will use the funds to triple its engineering, product, design, data science, category…
Vietnam’s Society Pass announces inclusion in Russell 2000 Index
Society Pass Incorporated (SoPa), the Vietnam-based data-driven loyalty platform, announced Tuesday that the company has been added to the Russell 2000 Index, effective at the…
Announcing the winners of the ORIGIN Innovation Awards 2021
The ORIGIN Innovation Awards recognizes outstanding startups, corporate innovators, and movers and shakers in the Asia Pacific region poised for growth. The awards celebrate the…
Southeast Asia’s Top 10 tech news in 2021
It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.
Malaysian fintech firm CapBay secures $7.1M from Kenanga Investment Bank
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured MYR30 million ($7.1 million) investment from Kenanga Capital Islamic Sdn…
Restaurant Brands International Inc. partners with Ant Group to accelerate digital transformation of its restaurant operations across Asia Pacific
Restaurant Brands International Inc. (RBI) has announced a regional partnership to leverage Ant Group’s digital solutions to accelerate digital transformation of its restaurant…
Softbank, Tencent-backed Indian used car platform Cars24 raises $400M
The investment will be used for the brand’s global expansion in the Middle East, Australia, and Southeast Asia, and to further strengthen its foothold in the Indian market.
