News
Applications now open in Malaysia for 5th cohort of EY startup incubator program
This year, the EY organization announced the continued expansion of the EY Foundry startup incubator program into Cambodia, Guam, Thailand and Vietnam.
airasia Super App collaborates with Google Cloud for digital growth
Google will also tap AirAsia Super App’s in-region network to expand its developer community in Southeast Asia.
India’s Instoried secures $200M commitment from global emerging markets group ahead of listing
Instoried, an artificial intelligence (AI)-based writer assistance tool in India, said Thursday it has secured a capital commitment of $200 million from Global Emerging Markets Group (GEM), an alternative investment group with operations in Paris, New York, and the Bahamas, ahead of its listing plan.
Hong Kong wholesale platform Peeba gets $4.2M seed funding led by Headline Ventures
Peeba, the online business to business (B2B) wholesale platform in Hong Kong, said Thursday it has secured $4.2 million in seed funding led by Headline Ventures.The company will use the funds to deepen its localization efforts across 11 Asia Pacific (APAC) countries, as well as to further build out the machine learning technologies underlying its platform.
Hong Kong’s Newman Capital launches $50M investment fund to empower businesses with Web3 solutions
Hong Kong-based investment firm Newman Capital announced Wednesday the launch of its $50 million investment fund to help cutting-edge traditional businesses to strengthen their position in the ever-growing Web3 world. The fund is on the mission to accelerate the Web3 adoption, especially in the traditional business world, focusing on Asia.
Vietnam’s Sky Mavis raises $150M funding led by Binance to restore funds on the Ronin Bridge
Sky Mavis, the Vietnamese gaming firm behind play-to-earn game Axie Infinity, said Thursday it has raised $150 million funding round led by Binance to restore funds on the Ronin Bridge.The round also saw the participation of Animoca Brands, a16z, Dialectic, Paradigm and Accel. The fund will be used to reimburse user funds affected by the Ronin Validator…
Pace partners Shangri-La to offer BNPL payments across its hotels in Malaysia
To date, Pace has over 5,000 points-of-sale across the Asia region and is on track to meet its goal of 1 million users by the end of 2022. Pace also aims to have an annualized Gross Merchandise Value (GMV) of $1 billion by end 2022.
Japan’s AnyMind Group launches e-commerce management platform AnyX
AnyMind Group, an end-to-end commerce enablement company in Japan, announced Wednesday the launch of AnyX, a one-stop e-commerce management platform for individuals and businesses that connects various e-commerce channels and AnyMind Group’s various platforms for manufacturing, e-commerce enablement, conversational commerce, marketing and logistics.
US’s Gupshup acquires Singapore conversational AI platform Active.Ai
Gupshup, a United States-based conversational engagement firm, announced Tuesday the acquisition of Active.Ai, a Singapore-based conversational artificial intelligence (AI) platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for banking, financial services, and insurance solutions (BFSI)…
Singapore’s Parentinc raises $22M in Series D funding round led by East Ventures
The Parentinc, a Singapore-based tech company that owned content and community platform for parents theAsianparent, announced Wednesday that it has successfully closed a $22 million round. The round comprised a mixture of primary and secondary investment alongside venture debt. The funding round was led by East Ventures as well as other undisclosed…
