News
Vietnam’s VinFast officially starts sales of C-segment electric SUV in Indonesia
Vietnamese car maker VinFast Auto has officially opened sales of the VF e34, a C-segment electric sports utility vehicle (SUV) with a right-hand drive configuration, marking VinFast's first offering in the Indonesian market.
Singapore’s StealthMole bags $7M in Series A funding round led by Korea Investment Partners
StealthMole, a Singapore-based cybersecurity firm, has bagged $7 million in a Series A funding round led by Korea Investment Partners (KIP). The round was also joined by Hibiscus Fund, a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.
Tracxn : Indonesian tech startups funding declines 36 percent in first quarter
The Indonesia tech sector secured a total funding of $91.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a drop of 36 percent from $143 million raised in the same period last year (till March 15, 2023). Tracxn said Thursday.
Tracxn : Vietnam tech startups funding fall 39 percent in first quarter
The Vietnam Tech ecosystem raised total funding of $35.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a 39 percent decline from $58.6 million raised in the same period in 2023, Tracxn said Wednesday.
XM Studios forms strategic brand alliance with IMMORTALS
Singapore-based luxury art collectables XM Studios has on Wednesday announced a strategic brand alliance with China-based art collectibles IMMORTALS, signifying a pivotal moment for both entities in their pursuit of expansion and innovation within the collectibles industry.
Tracxn : SEA tech startups see 13 pct decline in funding in first quarter
The Southeast East Asia (SEA) tech startup ecosystem secured a total funding of $816 million in the first quarter of 2024 to date (till March 15, 2024), the lowest-funded quarter in the past five quarters in the SEA tech sector, Tracxn said Wednesday.
Vietnamese food sourcing platform KAMEREO bags $2.1M in Pre Series B funding
Vietnam-based business to business (B2B) food sourcing platform KAMEREO announced Wednesday that it has raised $2.1 million in Pre Series B funding. The round is co-led by Reazon Holdings, Inc., Quest Ventures, and Thoru Yamamoto, Chief Executive Officer of FOODISON, B2B seafood supply chain company listed in Japan.
Vietnam’s VinFast signs partnership agreements with 15 dealers in Thailand
Vietnamese car maker VinFast Auto has signed letters of intent (LOI) with 15 initial dealers in Thailand. VinFast said in a statement on Wednesday that this marks an important milestone of VinFast’s distribution network expansion, enhancing the company's presence and affirming its position in the region's leading automotive market.
HSBC launches $1B ASEAN Growth Fund; introduces Venture Debt Fund
Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses.
ACE.SG inaugurates Women Entrepreneurship Committee to broaden support for women entrepreneurs in Singapore
In celebration of women entrepreneurship, Action Community for Entrepreneurship (ACE.SG) has on Wednesday by inaugurated its Women Entrepreneurship Committee (WEC) to broaden support for women entrepreneurs in Singapore.
