Author: Yimie Yong
Carsome spots a gap in auto-financing for graduates, aims to introduce similar product in Indonesia, Thailand after Malaysia
Carsome plans to introduce auto-financing for graduates in Indonesia and Thailand, as it targets a loan size of at least MYR 100M ($24.17M) for its auto-financing business in 2022.
Thailand hobby-focused commerce startup Mercular extends Series A fundraise, ropes in Thai retail conglomerate Central Retail
The funding will be deployed to create an all-encompassing community-like shopping experience for the hobbyists.
Indonesia e-commerce firm SIRCLO bags $36M funding from East Ventures, Saratoga, Traveloka
The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.
Singapore’s Neuroglee Therapeutics closes $10M Series A led by Openspace Ventures, EDBI
The funding injection will enable Neuroglee to launch virtual neurology clinics for patients diagnosed with mild cognitive impairment related to difficult-to-treat conditions such as Alzheimer’s disease, while also advancing the company’s DTx pipeline.
Singapore’s Sea aims to raise $6.3B in share & convertible bond sale
The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.
Singapore automotive startup Motorist raises $891K seed funding led by JobsCentral co-founder
Funds will be deployed to explore growth opportunities in Singapore and Malaysia, and kickstart its expansion into Thailand.
Malaysia SPAC AEI CapForce II Investment plans to raise $100M from IPO
At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.
PayPal to acquire Japan BNPL unicorn Paidy for $2.7B
The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.
‘Indonesia-only’ VC firm Intudo Ventures closes $115M Fund III
Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.
Singapore e-commerce startup Rainforest raises $20M pre-Series A funding round led by Monk’s Hill Ventures
Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.
