News
Careplus, GoAuto JV to commence $130M green technology facility in Malaysia
NexV Manufacturing Sdn Bhd (NMSB), a joint venture company between Malaysia-based glove maker Careplus Group Berhad and the automotive solutions provider GoAuto Group Sdn Bhd, will start the construction of a MYR 600 million ($129.17 million) green technology facility dedicated to manufacture and assembly of new energy vehicles, including electric vehicles…
Malaysia’s Warisan TC inks deal with China’s GAC AION to distribute EV in Malaysia
Malaysian passenger car rental firm Warisan TC Holdings Berhad (WTCH) has inked a deal with Chinese electric vehicles (EVs) manufacturer GAC AION New Energy Automobile Company Limited (GAC AION) to distribute EVs in Malaysia.
India’s Upekkha launches $40M fund with lead investment from WestBridge Capital
Upekkha, an India-based software as a service (SaaS) fund and accelerator, announced Thursday that it has completed the first close ($15 million) of its $40 million Upekkha fund. The funding is led by WestBridge Capital.
Gruhas joins hands with Collective Artists Network to create consumer fund
India-focused venture capital fund Gruhas has joined hands with new age media leader Collective Artists Network to create the Gruhas Collective Consumer Fund an initial investment fund of 150 Crore rupees ($18.29 million), dedicated to fostering innovative consumer brands.
Tracxn : Investments into Vietnam FinTech startups sinks to $35.3M in 2023
Total funding into Vietnamese FinTech startups plunged 84 percent to $35.3 million in 2023, from $227 million in 2022, Tracxn Technologies Ltd. said on Thursday. The FinTech sector in Vietnam secured funding worth $35.3 million in 2023 with only eight funding rounds, the least funded year since 2021.
TikTok partners HubSpot to make community-based customer acquisition easier for B2B brands in Singapore
HubSpot and TikTok have on Thursday announced a partnership to make community-based customer acquisition easier than ever for business to business (B2B) brands, with a new integration designed to easily capture leads from TikTok directly in HubSpot’s customer relationship management (CRM).
India’s Grip Invest secures $10M in Series B funding led by Stride Ventures
Grip Invest, a direct to consumer (D2C) investment platform for retail investors, has raised $10 million in a Series B funding. The round consisted of $8.5 million via fresh equity and convertible note as well as $1.5 million in venture debt.
Singapore’s FlyORO secures $1.6M in Pre-Series A round led by Audacy Ventures
Singapore's Sustainable Aviation Fuel (SAF) startup FlyORO has successfully closed a Pre-Series A round, securing $1.6 million. The round is led by Audacy Ventures, a venture capital firm dedicated to catalyzing and scaling technology solutions driving the energy transition.
BitGo gets approval to offer digital payment token services in Singapore
BitGo, the leading provider of financial services for digital assets, announced Tuesday that its subsidiary in Singapore, BitGo Singapore Pte. Ltd., has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License. Once granted the full license, BitGo will be able to offer regulated digital…
SIRCLO partners with Shopify to enhance E-Commerce capabilities
SIRCLO, a an omnichannel commerce enabler in Indonesia has announce its partnership with Shopify, the global e-commerce powerhouse, to enhance its e-commerce capabilities. This alliance is set to transform the online retail experience, combining the strengths of both companies to offer superior e-commerce platforms in Indonesia.
