News
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
Indonesia’s Evermos raises $39M funding led by IFC to fuel business expansion
Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. The funding is led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company.
VinFast partners with BCA Europe to deploy trade-in solution across three European markets
Vietnamese automaker VinFast and United Kingdom-based used vehicle marketplace BCA Europe have announced a new three-year Pan-European agreement on trade-in activities. This new partnership will create a fully digital and in-store trade-in solution to provide European customers with a convenient, seamless experience in their transition to electrified…
Indonesia’s eFishery earns unicorn tag after raising Series D round – report
It was reported that 42XFund contributed $100 million to the round, while SoftBank Vision Fund II chipped in nearly $5 million, according to eFishery’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Southeast Asian private equity firm Northstar Group invested $3 million.
Sequoia-backed Circles forms joint venture with Middle East telco firm e& for digital services
Sequoia-backed Circles has on Thursday announced that it has entered into a strategic partnership with Abu Dhabi-headquartered telco firm telco firm e& international for digital services across its operating markets and beyond.
Aerodyne unveils innovative solutions for advanced air mobility and UAS ISTAR
Aerodyne Group, the Malaysia-based drone services provider, has unveiled its two highly anticipated flagship solutions, ARGENTAVIS and FULCRUM, at the Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA 2023).
Atome partners with Amazon to offer deferred payment option during checkout in Singapore
Atome, a Singapore-based buy-now-pay-later (BNPL) platform, has on Wednesday announced that its flexible buy now pay later payment option is now available for Amazon customers in Singapore during checkout.
Indonesia’s SkorLife grabs US$4M seed funding led by Hummingbird Ventures
Indonesia-based fintech company SkorLife has announced that it raised a $4 million seed funding round led by global tech investor Hummingbird Ventures, with participation from QED Investors.
Metalpha’s Next Generation Fund I secures strategic investment from crypto leader
Metalpha Technology Holding Ltd, a Hong Kong crypto-based wealth management company, has on Thursday announced its Next Generation Fund I, formed in partnership with NextGen Digital Venture Limited, has secured a $5 million anchor investment from the world’s leading crypto company.
Singapore’s GoodGang Labs receives $2M seed funding from Kakao Investment
Singapore-based avatar communications company GoodGang Labs has on Thursday announced that it has successfully raised $2 million in seed funding from Kakao Investment, a subsidiary of the prominent South Korean tech giant.
