AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Indonesia’s Gojek and Taiwan’s Gogoro to deploy battery swapping and two-wheel electric vehicle pilot in Jakarta
Gojek and Gogoro have announced a strategic partnership to deploy a battery swapping and two-wheel electric vehicle pilot in Jakarta. The pilot program will consist 250 Gogoro…
Hong Kong-based gaming platform The Sandbox raises $93M funding led by SoftBank to grow its open NFT metaverse
The investment will enable the company team to scale the platform’s growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans…
Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah
hoolah will accelerate its growth with a platform to extend its BNPL offering to over 8,000 merchants and 30 million shoppers across nine markets in the Asia-Pacific. ShopBack…
Singapore BioTech TurtleTree raises $30M Series A funding led by European investor VERSO Capital
Turtle Tree has successfully raised $30 million in the first tranche of its Series A funding, one of the largest investment rounds to date in Asia's cell-based food sector. The…
Affinity Equity Partners invests $150 million in Emtek-backed OTT platform Vidio
With the investment, Affinity will join the board of Vidio and will partner Vidio to turbocharge its growth and extend its market leadership in Indonesia. This investment also…
Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges
With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However,…
Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand
The company plans to use the new funding for research and development, marketing and branding, hiring more talents, and launching a new second-line brand. Through existing…
Taiwan’s ProLogium Technology secures $326 million to expand global electric vehicle battery production capacity
The funds will be deployed to expand production capacity in Asia, Europe, and the US between 2023 and 2025 to supply the local demands of the major OEMs with high-quality EV…
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…
