Mergers and Acquisitions
Vietnam’s Society Pass marks first foray into Indonesia by acquiring Jakarta-based NusaTrip
Society Pass Inc (SoPa), a Vietnam-based next generation digital ecosystem, announced Monday the acquisition of NusaTrip, a leading Jakarta-based online travel agency (OTA) in Indonesia and across Southeast Asia (SEA). The NusaTrip acquisition extends SoPa's business reach into the booming SEA regional travel industry and marks SoPa's first foray into…
UpGrad acquires Exampur to build India’s largest test-prep platform for government jobs
UpGrad, an India-based higher EdTech major announced on Tuesday it has acquired Exampur, one of India’s largest test-prep providers for government jobs, for an undisclosed amount, to build India’s largest test-prep platform for government jobs.
Indian EdTech firm upGrad acquires Harappa Education for $38M
UpGrad, an India-based integrated higher EdTech firm has announced a merger with Harappa Education at a value of $38 million, to establish leadership in enterprise learning in India. Harappa will clock about $10 million in revenue this year.
Indonesia’s DOKU acquires Malaysia’s senangPay for $7.5 million
DOKU, an Indonesia-based payment platform, announced Thursday it has expanded into Malaysia after acquired an online payment firm senangPay for $7.5 million. The acquisition followed DOKU received funding from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP last year.
ESR upsizes development joint venture in Korea
ESR Group Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager, announced on Wednesday the upsize of its second development joint venture (“ESR-KS II” or the “Joint Venture”) in Korea with APG and Canada Pension Plan Investment Board (“CPP Investments”).
UK’s Ascential acquires Singapore e-commerce services provider Intrepid for up to $250M
Ascential plc, the specialist information, analytics and eCommerce optimisation company in the United Kingdom, has acquired Intrepid E-Commerce Services Pte. Ltd. (Intrepid), a provider of eCommerce execution services to brands in Singapore. The maximum total consideration payable for Intrepid, in the event that very stretching targets are reached, is…
Funding Societies acquires CardUp to drive payments expansion
Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, announced Wednesday that it is acquiring regional payments solution CardUp, for an undisclosed amount. CardUp's payment services will complement its lending products, to offer a unified financial experience for small and medium-sized enterprises (SMEs)…
Vietnam’s VinaCapital Ventures takes stake in Web3 data analytics firm M3TA
VinaCapital Ventures, the Vietnam-based technology investment platform of VinaCapital Group, announced Monday that it has taken a stake in M3TA, a Web3 data analytics company that seeks to empower businesses in Web3 with the power of data. Details of the investment were not disclosed.
Limelight completes acquisition of Yahoo’s Edgecast, rebrands as Edgio
Edgio, Inc. (Nasdaq: EGIO), the globally-scaled software solutions provider powering secure seamlessly integrated delivery, applications and streaming experiences at the edge, announced on Thursday the successful completion of Limelight’s acquisition of Edgecast. The combined company will operate as Edgio, delivering significantly increased scale and scope…
Animoca Brands acquires Israeli EdTech platform TinyTap for $38.88M
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Thursday it has completed the acquisition of 80.45 percent of the issued capital of Israeli EdTech platform TinyTap Limited (TinyTap), for a consideration of $38.88 million in cash and shares.
