News
India’s PlasmaGen Biosciences completes $27M equity financing
PlasmaGen Biosciences, a biopharmaceutical company focused on blood plasma-derived pharmaceutical products for India and emerging markets, announced that it has raised 225 crores ($27 million) in equity financing. The funding was coming from United Kingdom based Artian Investments, prominent public market investor Ashish Kacholia, pharmaceutical…
Indonesia Fintech JULO adds insurance inclusion to financial inclusion with JULO Cares
JULO, an Indonesian peer-to-peer financial technology company, has launched JULO Cares on Friday, an insurance cover embedded within the core JULO digital credit solution. This benefit launched under the JULO Cares platform provides ongoing device protection to users when they avail of JULO’s digital credit.
SWC Global leads $5.41M series A financing in Indonesian D2C startup Rosé All Day Cosmetics
Halal-certified direct-to- consumer (D2C) Indonesian beauty brand Rosé All Day Cosmetics (RADC) announced Friday it has successfully closed a series A funding round of $5.41 million. The funding was led by SWC Global, with participation from DSG Consumer Partners (DSGCP) and the brand’s initial seed investor AC Ventures.
Standard Chartered: $17B in retail investor capital could be mobilized to combat climate change in Malaysia
Standard Chartered’s latest Sustainable Banking Report2023 shows $17 billion of retail investor capital could be mobilized towards climate investments in Malaysia by 2030. Within climate investing in Malaysia, $9 billion could flow into mitigation themes – renewables, energy efficiency and storage are set to attract the most capital.
US venture capital firm In-Q-Tel establishes office in Singapore
United States venture capital firm In-Q-Tel, Inc. (IQT) has announced the opening of a new office in Singapore. This strategic expansion into Singapore reflects the region’s growing importance as a technology and venture capital hub.
Singapore’s Pave Bank launches with $5.2M funding round for programmable money
Singapore-based multi-asset and programmable bank Pave Bank has been launched with $5.2 million seed money. The seed funding round was led by 468 Capital with participation from Quona Capital, Financial Technology Partners, BR Capital, w3.fund, Daedalus and angel investors.
Careplus partners GoAuto to set up EV plant in Malaysia
Malaysia-based glovemaker Careplus Group Berhad is partnering electric vehicle (EV) mobility firm GoAuto Group to set up an EV plant in Malaysia with gross development value (GDV) of the about MYR 600 million ringgit ($128 million).
01Fintech invests $20M in Validus to drive SME financing in the Southeast Asia region
01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specializing in financial technology in Southeast Asia, has on Wednesday announced a significant $20-million investment in Validus, a small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.
GoTo struck TikTok deal to stop market share slide, CEO says – report
TikTok Shop more than doubled its market share to 11 percent this year, Walujo said on a conference call with investors on Thursday. GoTo’s share of the pie shrank to 23 percent from 28 percent over that span, he was quote as saying.
Indonesia’s aquaculture company eFishery expands to India
Indonesia-based aquaculture company eFishery has announced the completion of its commercial pilot in India, marking a significant milestone in its global expansion journey. The firm has kicked off the pilot project in March of this year, has successfully acquired over 1,000 acres of ponds under contract, and has now distributed more than 3,000 metric tons…
