News
ADB unlocks $100B new funding to support Asia and the Pacific to tackle climate crisis
The Asian Development Bank (ADB) has on Friday approved capital management reforms that unlock $100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions…
Gojek launches multimodal travel solution GoRide Transit in Indonesia
Gojek, an on-demand services platform part of PT GoTo GojekTokopedia (GOTO), has announced the official launch of GoRide Transit, a comprehensive solution for multimodal travel, in Indonesia. The solution will allow consumers to book a multimodal trip comprising a GoRide to the train station, a trip on the KRL Commuterline, and a GoRide from the train…
Animoca Brands Japan partners Drecom to expand Web3 gaming
Animoca Brands Japan, a strategic subsidiary of global Web3 company Animoca Brands, will be commencing full-scale efforts to support the global expansion of Japan's web3 gaming sector, starting with a partnership with gaming app Drecom Corporation.
Singapore’s InterContinental Energy secures $115M funding from GIC and Hy24
InterContinental Energy, a Singapore-based company committed to delivering green hydrogen at scale, has raised $115 million in equity investment. The firm announced its next phase of growth following continued strategic equity investment from GIC, a global institutional investor, and a new investment from Hy24, the world’s largest clean hydrogen pureplay…
Antler India approaches final close of maiden $75M pre-seed fund
Early stage investment platform Antler in India has closed commitments of INR 500 crores ($60 million) and is approaching the final close of its maiden INR 600 crores ($75 million) pre-seed fund. The fund is significantly oversubscribed on its base corpus target, and is now completing the exercise of the greenshoe portion to reach nearly double the initial…
Inalife : Global digital legacy market set to reach $60.7B by 2032
Interest and demand for the global digital legacy industry saw a significant increase due to the impact of Covid-19, rising from $6.3 billion in 2017 to its current market size of $19.7 billion in 2023, digital legacy firm Inalife said Friday. The industry could expand at a compound annual growth rate (CAGR) of 13.3 percent, reaching $60.7 billion by 2032.
China’s Ant Group expands Singapore presence and launches Ant International Foundation
Ant Group, an affiliate company of the Chinese conglomerate Alibaba Group, has on Thursday unveiled its new Singapore office as home to its various international business and technology segments, including Ant International.
Australian AI startup Neara closes $24M Series B funding from Prosus Ventures and others
Neara, an Australia-based infrastructure modeling platform, has closed $24 million Series B funding from Prosus Ventures and its existing investors, Skip Capital and Square Peg Capital.
Thailand insurance firm Roojai completes DirectAsia acquisition
Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
