News
Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license
KAF Investment Bank-led consortium was among the low-profile bidders for the digital banking licenses. Besides Carsome, the KAF Investment Bank-led consortium also includes two other FinTech firms, Jirnexu and MoneyMatch.
Animoca Brands partners nature gaming startup Untamed Planet to develop Untamed Metaverse
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, said Friday it has invested in and partnered with Untamed Planet, the gaming company inspired by nature with a mission to protect the wild, to develop and publish Untamed Metaverse, a major upcoming game to benefit nature conservation efforts.
Philippine cloud kitchen firm Kraver’s Canteen secures $3M Series A led by Quest Ventures
Kraver’s technology provides high-end meal experiences for its customers by allowing them to heat food without using a microwave. Moreover, Kraver has a metaverse experience–Kra-Verse Food Hall--to make the ordering experience fun for their customers.
India’s Evenflow raises $5M pre-series A round from Village Global and others
Evenflow Brands (Evenflow), an India-based e-commerce rollup firm, announced Thursday the closing of its pre-series A round of $5 million. The round saw participation from Village Global, 9Unicorns, Venture Catalysts, LetsVenture, Shiprocket, and marquee angel investors.
Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses
The partnership will enable Carsome to capture and serve customers from their early stage of car exploration and bring a more engaging and fun experience to the car transaction and ownership journey.
Singapore’s Resolution Ventures announces first close of $20M Southeast Asia FinTech fund
Resolution Ventures, a Singapore-based venture capital firm, announced Wednesday the first close of its $20 million Southeast Asia-focused Fintech fund, Resolution Fintech Fund I. With its inaugural fund, Resolution Ventures is committed to backing the most promising founders in Southeast Asian Fintech, building solutions that have local, regional, and…
Germany’s Soundcloud acquires Singapore music AI firm Musiio
Germany music entertainment firm SoundCloud announced Tuesday it has acquired Musiio, a Singapore-based music artificial intelligence (AI) firm. Musiio will amplify SoundCloud’s existing music intelligence capabilities and allow the company to further leverage its vast data to identify what’s next in music trends and talent.
India’s Zepto raises $200M Series D led by Y Combinator Continuity
Just nine months after launching, Indian quick commerce firm Zepto has announced its $200 million Series D fundraise, valuing the company at around $900 million. Y Combinator Continuity doubled down and led Zepto’s Series D, with new investor Kaiser Permanente joining in to back the company.
