Author: TechNode Global Staff

Ather Energy, an India-based electric two-wheeler company, announced Thursday the completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp.

Investree Singapore Pte Ltd (Investree Group), a holding company of Southeast Asian fintech lending platforms for micro, small, and medium enterprises (MSMEs), is set to acquire 18.4 percent minority stake in PT Bank Amar Indonesia Tbk (Amar Bank), a licensed commercial bank and digital banking pioneer in Indonesia. Investree has signed a transaction…

Supabase, a Singapore-based open-source database-as-a-service (DBaaS) company, announced Tuesday that it has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed. This latest round follows Supabase's $30 million Series A round announced in September 2021, and brings the company's total…

Grab, the Singapore-based superapp, announced Thursday three goals to drive sustainable and inclusive growth in Southeast Asia. The new goals are doubling the number of marginalised individuals earning income on its platform by 2025; reaching 40 percent female leadership by 2030, and achieving carbon neutrality by 2040.

Indonesia-based insurtech startup Qoala, said Wednesday it has successfully raised Series B funding of $65 million led by Eurazeo.The round also saw participation from several existing investors including Flourish Ventures, KB Investment, MassMutual Ventures, MDI Ventures, SeedPlus and Sequoia Capital India. BRI Ventures, Daiwa PI Partners, Indogen Capital,…

Gusto Collective, Hong Kong-based BrandTech holding company, said Thursday it has raised $ 11 million in its seed plus funding round led by Animoca Brands and Gaw Capital. The oversubscribed round also received participation from BlackPine, YCI Limited, and several existing shareholders including ClearVue Partners. With the completion of this round, the…

Singapore-based robotics firm Eureka Robotics said Wednesday it has raised a Pre-Series A round of $4.25 million led by one of Asia’s largest deep-tech investment firms The University of Tokyo Edge Capital Partners (UTEC), with participation from Vietnam’s Touchstone Partners and Eureka’s seed round investor ATEQ.

Gogoro Inc., a Taiwan-based battery swapping ecosystems provider, announced Thursday it was partnering with Israeli two-wheel vehicle distributor Metro Motor and Israeli gas and energy company Paz Group to launch its battery swapping platform and smartscooters in the Tel Aviv metropolitan area this summer and other cities in Israel in the future.

Private market exchange ADDX said Wednesday it has partnered with investment specialist Fullerton Fund Management Company Ltd (Fullerton) to list Fullerton’s private equity fund of funds on its digital platform. The Fullerton Optimised Alpha Fund is a closed-end fund targeting 8 percent to 12 percent in returns per annum over its fund life of seven years.

CoverGo, a Singapore-based insurtech platform, announced Tuesday it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. The startup's strategic investors include pan-African insurance group Old Mutual, Asia-based…