Author: Yimie Yong

Singapore-based Qapita raises $15M Series A co-led by East Ventures & Vulcan Capital

Qapita plans to add more products to its platform that will not only provide solutions for private companies and startups but also to investors, shareholders and employees.

Malaysia-based telemedicine firm DOC2US expands to Myanmar

DOC2US is also actively talking to other partners in neighbouring countries such as Cambodia, Laos and Vietnam to improve the accessibility to healthcare in those countries.

Singapore skyline SGX SPAC

Temasek leads $550M funding round in Israel cloud security firm Orca Security

Orca Security will leverage Temasek’s investment portfolio and global network to deepen its penetration into the Asia Pacific (APAC) region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more.

Mekong Capital invests $15M into Vietnam-based genetic testing firm Gene Solutions

Gene Solutions is the sixth investee company announced by Mekong Enterprise Fund IV.

Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round

The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.

Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report

Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.

Malaysia-based PayHalal partners Atome to offer ‘Shariah-compliant’ BNPL options in Malaysia, Indonesia

The partnership further enhances the shopping and payment experience of shoppers and supports Muslim retailers and businesses with increased sales amid the pandemic.

Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor

The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.

SoftBank-backed Indian hotel aggregator OYO files draft papers for $1.14B IPO

The hotel aggregator's IPO plan also comes at a time when travel restrictions are being eased in many countries and the tourism sector is expected to rebound.