Malaysia

The group and its 66.48 percent subsidiary, PT XL Axiata Tbk, has entered a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk to facilitate discussions and negotiations for a potential acquisition of 1.82 billion shares or 66.03 percent stake in Link Net.

The fund will be used for iStore iSend’s talent acquisition and improving its proprietary system to help the company in its plan for cross border expansion.

The development also came after local media highlighted last month that some restaurants has urged customers to bypass food delivery platforms and order food directly from their outlets instead of delivery services which take a big cut.

AIA will offer Touch ‘n Go eWallet customers a seamless, convenient and frictionless experience, making it easy to buy, claim and renew policies.

The team plans to improve service offerings such as more payment methods, better user experience and assortment, bringing its service to more families in each country across the region.

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The funding round came as Malaysia is in a so-called "full lockdown" with traveling restrictions to contain the ongoing COVID-19 pandemic. Restaurants and eateries are allowed to operate but no dine-ins are allowed and they are required to follow standard operating procedures set by the government.

Babydash is now doubling down on key targeted activities to aggressively expand its customer and product base. The company aims to drive up revenue per transaction while expanding its footprint in ASEAN targeting to double the size of the company in the next 12 to 18 months.

The development comes at a time when more global PE firms are looking for investment opportunities in the tech sector in Southeast Asia.

Speedhome aims to expand regionally to 10 other metropolitan cities in the next five years, namely Bangkok, Manila, Jakarta, Taipei, Ho Chi Minh, Hanoi, Melbourne, Sydney, Hong Kong, and Singapore, to emerge as Southeast Asia’s PropTech unicorn.