Yimie Yong

“Gojek is not currently available in Malaysia and we have no current plans to enter the market,” a Gojek spokesperson told TechNode Global in an email.

Carsome, which is also Malaysia's first tech unicorn, has halted work on the planned offerings that were set for this year, the people reportedly said. Carsome may revive the first-time share sales next year if markets improve, they added.

Gusto Collective, which provides content production services, raised $11 million in its seed plus funding round led by Animoca Brands and Gaw Capital last month. The oversubscribed round also received participation from BlackPine, YCI Limited, and several existing shareholders including ClearVue Partners.

Through this collaboration, the innovations developed by start-up company, Sunway iLabs Super Accelerator, could be channeled to NTIS for testing in an actual urban setting developed by Sunway and for monitoring and sponsorship before taking the technological solutions to the market and implemented across the nation.

This latest financing brings Rainforest’s total capital to over $100 million since its launch in January 2021, the company further expects to reach profitability by the end of 2022.

Bitcoin plunged more than 15 percent on Monday and another 5.4 percent on Tuesday, part of a broader crypto sell-off fuelled by higher-than-forecast US inflation and the halt of withdrawals by lending platform Celsius, according to Bloomberg.

“Both Pui Yan and Kanika are purpose-driven investment professionals with extensive experience in investing and working with start-up founders. They have made significant contributions to VVSEAI and have constantly provided valuable insights and perspectives to our deal decisions,” said Joo Hock Chua, Managing Partner at VVSEAI, said in a statement.

The platform will also end its early-stage pilot in Spain. This comes after Shopee exited the French market in March. The e-commerce unit also exited the India market the same month.

The advisory board is made up of "individuals of various specializations, dynamic perspectives and deep expertise who will provide insights, connect networks and share experiences in building and scaling technology companies in the region", Carsome said.

"Tesla announced a 10 percent of workforce reduction. My role was chosen to be eliminated as of today," the firm's country manager in Singapore Christopher Bousigues wrote in a LinkedIn post on Sunday.