News

The market size for climate tech in India and Southeast Asia (SEA) in 2023 is $102 billion and is expected to grow to $350 billion by 2030, at compound annual growth rate (CAGR) of about 20 percent, according to a report revealed on Wednesday.

Australian venture investment and advisory firm Happenco has on Thursday announced the close of its first fund, raising $12m to empower earliest-stage startups to build bold companies. The fund is led by Ben Cheyne, (ex. Deloitte Ventures), Gideon Gut-Silverman (ex. McKinsey, Google), and Omar Varts (ex. Deus Ex Machina), who bring a breadth of knowledge…

Grab-backed digital bank GX Bank Berhad (GXBank) has officially opened its app to millions of Malaysians. Looking ahead, GXBank will progressively be rolling out additional features which will also include their debit card – GX card and how its various features will benefit Malaysians, GXBank said in a statement on Thursday.

Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.

Mystifly, a Singapore-based travel technology provider, has on Wednesday announced that it is joining forces with Google Cloud to drive growth and innovation in the travel technology sector. The collaboration will enable both the organizations to tackle emerging industry challenges in airline distribution and infrastructure.

The Board of Cradle Fund Sdn Bhd (Cradle), Malaysia’s focal point agency for Malaysian startup ecosystem under the Ministry of Science, Technology and Innovation (MOSTI), has announced the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive Officer (GCEO), effective November 23, 2023.

Representatives from 35 countries, including Saudi Arabia, UAE, the United States, France, Austria, Hong Kong, Senegal, and Cambodia, engaged in COMEUP 2023. The festival served as a dynamic platform for startups, investors, government agencies, and global corporations, fostering international collaboration.

Singapore-based digital finance platform Funding Societies has partnered with a Halal Development Corporation Berhad (HDC), a Malaysian federal government agency under the Ministry of International Trade and Industry (MITI), to enhance financing access to halal small and medium-sized enterprise (SMEs).

ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.