Malaysia
AIA Malaysia buys minority stake in Ant-backed e-wallet operator TNG Digital
AIA will offer Touch ‘n Go eWallet customers a seamless, convenient and frictionless experience, making it easy to buy, claim and renew policies.
Indonesia’s HappyFresh raises $65M in Series D funding led by Naver Financial Corp & Gafina B.V.
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.
Tale of the (used car) tape: Putting Carsome and Carro head-to-head
Carsome vs Carro: Who wins Southeast Asia’s used car fight?
Singapore FoodTech firm Easy Eat raises $5M funding, eyes SEA expansion
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.
Malaysia online baby store Babydash raises $300K bridge round via equity crowdfunding
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.
Malaysia PE firm Creador eyes tech sectors after raising $500M for first close of 5th fund
The development comes at a time when more global PE firms are looking for investment opportunities in the tech sector in Southeast Asia.
Malaysia PropTech firm Speedhome eyes unicorn status in 3 years
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.
Carsome partners Catcha to create SEA’s largest digital automotive marketplace via $200M acquisition of iCar Asia
Catcha Group will become a shareholder of the Carsome Group in exchange for the sale of its shares in iCar Asia to Carsome.
Pickupp to expand presence in Malaysia after completing Series A and A+ funding co-led by PChome, Cornerstone Ventures
Pickupp Malaysia plans to expand coverage of more territories in Malaysia, grow its workforce of delivery agents, and continue investing in technology to further improve its offerings in the market.
AirAsia considers listing digital business in US via SPAC to raise $300M
CEO Tony Fernandes said a few technology-focused SPACs have approached the airline group, and AirAsia has engaged auditors for a deal to list the unit.
