News
Indonesia’s FishLog successfully closes Pre-Series A extension round
Indonesian fisheries startup FishLog announced Tuesday that it has successfully closed its Pre-Series A extension round funding. The round saw participation from Mandiri Capital Indonesia, BNI ventures, Accel Partners, Insignia Ventures Partners, and Saison Capital. With investments from Mandiri Capital and BNI Ventures.
The Salmon Group partners AllBank to launch QR Ph payment method
Salmon Group, a financial technology group, dedicated to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has partnered with with the Philippines-based payment firm AllBank (A Thrift Bank), Inc, to introduce an innovative QR Ph-enabled payment solution
Vietnam’s VinFast officially opens first dealer store in Indonesia
Vietnamese automaker VinFast has officially opened its first dealer store in Indonesia. In addition to partnering with PT Gallerie Setia Utama, VinFast plans to significantly expand its EV distribution network across major cities in Indonesia throughout 2024.
Carousell acquires Singapore’s luxury bag reseller LuxLexicon
Carousell Group, a multi-category platform for secondhand in Greater Southeast Asia, has acquired the business of Singapore’s luxury bag reseller and authenticated luxury consignment platform LuxLexicon.
Tata Technologies partners BMW to develop automotive software, business IT solutions
Germany-based automaker the BMW Group and India-based product engineering and digital services company Tata Technologies have signed an agreement to form a Joint Venture (JV) with the aim to establish an automotive software and information technology (IT) development hub in Pune, Bengaluru and Chennai, India.
Malaysia’s Jaya Grocer partners Paywatch to enable real-time access to salaries for its employees
Jaya Grocer, a Malaysia-based mass-premium supermarket chain, has partnered with earned wage access (EWA) provider Paywatch, to enable real-time access to salaries for Jaya Grocer employees.
Thailand’s biggest crypto exchange Bitkub hiring advisers for 2025 IPO – report
Bitkub plans to go public on the Stock Exchange of Thailand in a bid to boost the company’s profile and raise money.
Vietnam’s Alternō secures $1.5M in funding co-led by The Radical Fund, Touchstone Partners
Vietnamese battery startup Alternō has successfully secured over $1.5 million in an oversubscribed round co-led by leading impact and venture capital funds The Radical Fund (Singapore) and Touchstone Partners (Vietnam).
Malaysia’s Bateriku.com raises $2.11M funding from VentureTECH, VentureTECH SBI
Malaysian roadside assistance company Bateriku (M) Sdn. Bhd. (Bateriku.com) has raised MYR 10 million ($2.11 million) from government-backed impact investment companies VentureTECH Sdn. Bhd. (VentureTECH) and VentureTECH SBI Sdn. Bhd. (VentureTECH SBI) to expand its connected roadside assistance services.
Malaysia unveils blueprint for venture capital growth and economic empowerment
Malaysia has on Monday unveiled a blueprint for venture capital growth and economic empowerment. Crafted through meticulous collaboration and strategic foresight, this roadmap is set to ignite innovation, foster entrepreneurship, and drive economic growth across the nation.
