Carousell Group acquires Singapore-based sneaker marketplace Ox Street to accelerate re-commerce growth
Following Carousell Group’s investment from STIC Investments, this acquisition of sneaker marketplace Ox Street underpins the group’s strategic priority to accelerate its…
The fallout from the Colonial Pipeline ransomware attack and its implications
Digital transformation expands an organization’s attack surface, making it easier for threat actors to enter the network and gain control of OT assets. Without the correct…
Singapore VC firm Antler raises over $300M to expand investment focus, will invest up to Series C
Antler continues to invest in its portfolio companies as they scale. The firm has a global network of over 600 expert advisors, and an online platform of resources, tools and…
Indonesian boutique hotelier ARTOTEL Group raises Series B financing to fuel expansion
ARTOTEL Group will utilize the proceeds of this financing to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector and invest in…
Singapore’s ION Mobility completes $6.8M Seed round ahead of smart electric motorbike launch
ION Mobility is preparing to unveil its smart electric motorbike later this year. With this latest round of institutional capital, the company takes the next step to set up its…
Claroty opens regional headquarters in Singapore after securing $140M Series D funding to meet growing demand for cybersecurity
The office opening comes shortly after Claroty’s $140 million Series D fundraise, which included participation from Temasek, Singapore's state investor. The company raised the…
Pickupp gets additional investment from Temasek-backed Reefknot & Kuehne+Nagel, brings up Series A & A+ to $20M
The funds will enable Pickupp to strengthen its dispatch network with the expansion of new satellite warehouses across different markets. It will go on to further support…
Bangladesh re-commerce platform SWAP raises $1.25M in Seed funding to support growth in the country’s circular economy
SWAP has introduced the first ever cross-category exchange platform to facilitate the quickest upgrade program from even one category to another. This involves certified pre-owned…
iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia
With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This…
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is…
EI Industrial raises $670K to launch Vietnam’s first industrial-focused B2B e-commerce marketplace
Launched in 2020, EI Industrial is a B2B e-commerce marketplace that aims to accelerate digital procurement in Vietnam.
Draper Startup House Ventures launches first global fund, aims to create 1M entrepreneurs by 2030
The fund will have an Asia Pacific predominance, due to Draper Startup House International having Singapore as its headquarters. Its reach potential, the firm said, includes 60…
South Korea 3D sketch software Sketchsoft raises $3.2M Series A co-led by SBVA for talent acquisition & further expansion into global markets
Sketchsoft, which aims to commercialize human-computer interaction technology for 3D sketches, will use the funding to expand its talent pool and explore new global markets in…
Standard Chartered to provide $500M financing to BNPL firm Atome for its expansion
This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for…
