News

Vertex Ventures Southeast Asia & India promotes Pui Yan Leung, Kanika Mayar to Partners

“Both Pui Yan and Kanika are purpose-driven investment professionals with extensive experience in investing and working with start-up founders. They have made significant contributions to VVSEAI and have constantly provided valuable insights and perspectives to our deal decisions,” said Joo Hock Chua, Managing Partner at VVSEAI, said in a statement.

Robinhood partners Google Cloud and MFEC for Thailand’s ‘Super App’

Robinhood, the Bangkok-based food delivery and all-in-one travel service platform under SCBX Group, Purple Ventures Co., Ltd., announced Monday a multi-year strategic alliance with Google Cloud and MFEC Public Company Limited (MFEC) to advance its mission of building a homegrown “super app” that delivers inclusive growth opportunities to small business…

Sea’s e-commerce arm Shopee lays off staff in food delivery, online payments & global teams – report

The platform will also end its early-stage pilot in Spain. This comes after Shopee exited the French market in March. The e-commerce unit also exited the India market the same month.

Malaysia unicorn Carsome announces appointment of advisory board

The advisory board is made up of "individuals of various specializations, dynamic perspectives and deep expertise who will provide insights, connect networks and share experiences in building and scaling technology companies in the region", Carsome said.

Korea’s CNAI raises $4.1M from Centauri Fund and IMM Investment

Korea-based artificial intelligence (AI) enablement company CNAI announced on Monday that it has raised a $4.1 million pre-series A funding round co-led by Centauri Fund and IMM Investment.

Tesla sacks Singapore country manager after Elon Musk warns of 10% job cut

"Tesla announced a 10 percent of workforce reduction. My role was chosen to be eliminated as of today," the firm's country manager in Singapore Christopher Bousigues wrote in a LinkedIn post on Sunday.

Singapore’s Next Gen Foods launches plant-based chicken product in Germany

Singapore-based alternative protein startup Next Gen Foods said Monday it is rolling out its flagship plant-based chicken product TiNDLE, in restaurants across Germany. TiNDLE will debut across six of Germany’s biggest cities, across 40 sites with many more to come, partnering with over 20 of Germany’s toprestaurants – in a range of delicious applications…

Singapore’s Mighty Jaxx acquires Kinetiquettes and PLAYe to expand pop culture footprint globally

Mighty Jaxx, a Singapore-based integrated future culture platform that designs and produces digital and phygital collectibles, announced Monday the multi-million-dollar acquisitions of local companies Kinetiquettes, a high-end statue collectible company, and PLAYe, a specialised DTC platform of consoles, video games, collectibles, and action figures.

3rd Edition of ORIGIN Innovation Awards to Recognize Sustainable Innovations and Lasting Impacts [Updated 2022-07-04]

TechNode Global announces the third edition of its ORIGIN Innovation Awards with the theme “Sustainable Innovations, Lasting Impacts.” This year’s awards will focus on how innovations are making an impact on sustainable development goals. 

Gozem and IFC partner to empower 6,000 Moto-Taxi drivers in Togo and Benin

Gozem and IFC join forces to co-develop a $10 million project that will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing their take-home income. The project will also validate that electric bikes are a suitable replacement for the current petrol bikes and that…