News
Neil Fong appointed as BurdaPrincipal Investments Managing Director in Asia
Neil Fong has been appointed Managing Director in Asia for BurdaPrincipal Investments (BPI). In his new role at Hubert Burda Media´s international growth capital arm, Neil will continue to expand the investment activities in the region and drive further growth.
Moonfare caps Series C extension round at about $15M, bringing its Series C funding to $130 million+
Moonfare, a global digital private equity investment platform with its Asia Pacific offices headquartered in Singapore and Hong Kong, has capped the extension of its Series C financing round at about $15 million, achieving a record valuation.
Singapore’s Tazapay raises $16.9M Series A funding led by Sequoia Capital Southeast Asia
Tazapay, a Singapore-based fintech company specialising in cross-border payments, has on Wednesday announced that it has raised $16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the round, with EscapeVelocity (escp.vc), PayPal Alumni Fund as well as renowned angel investor Gokul Rajaram joining as new investors.
India’s Turno raises $13.8M funding co-led by B Capital and Quona Capital
Turno, an India-based platform for commercial electric vehicle (EV) distribution and financing, has on Wednesday announced a $13.8 million Series A funding as it scales across the country and plans to build proprietary battery technology.
Indonesia to draft regulation enabling media to receive payments from digital platforms for content – report
President Joko Widodo cited an urgent need for the new law since 60 percent of the advertisement market in the Southeast Asian country is dominated by mainly foreign digital platforms.
Thailand’s Ooca closes Series A investment deal with BDMS
Ooca, a Thailand-based mental health telemedicine application, has closed its Series A funding deal with Bangkok Dusit Medical Services PLC (BDMS). BDMS and Ooca aim to make mental health care easily accessible, change people’s attitudes towards mental health to regard it as a normal matter, and leverage Thailand’s public health standards in order to…
Grab Indonesia inks partnership with SRCIS for digital services
Continuing Grab’s long-term commitment in accelerating the digitalization for local micro, small and medium enterprises (MSMEs), Grab Indonesia inked a partnership with PT SRC Indonesia Sembilan (SRCIS).
GoTo announces new leadership structure as it strengthens corporate governance and operational efficiency
PT GoTo Gojek Tokopedia Tbk (GoTo) has on Wednesday unveiled a strengthened GoTo Group leadership team, as the company continues to focus on enhancing corporate governance as well as faster and more efficient execution to drive the business towards profitability.
Malaysia’s Capital A introduces new AI-powered ‘Ask Bo’ chatbot
Capital A Berhad, the parent company of Asia’s leading low-cost carrier, AirAsia, has on Wednesday reiterated its commitment to transparent communications and better customer experience for all of its guests, as part of its vision to become the most communicative, responsive and answerable brand in the region.
Thailand’s MONIX closes $20M pre-IPO round led by SCBX and Lombard Asia
MONIX Co., Ltd., a Thailand-based artificial intelligence (AI)-powered digital lending platform, announced Wednesday that the company has secured $20 million in the first close of its pre-initial public offering (IPO) fundraising.
