News
TNGlobal Tracker: Startup Funding Snapshot for December 2024
The Southeast Asia (SEA) Monthly Funding Tracker for December 2024 highlights some recovery in funding activity. Total funding amounted to $211 million across 16 rounds, marking a surge of 143.37 percent compared to November 2024 and a 44.33 percent decline from December 2023.
Patrick Walujo commits to staying as Indonesia’s GoTo CEO until 2029
As CEO, Patrick will focus on driving GoTo towards long term profitable growth and GoTo’s Board of Commissioners has approved a performance-based retention package as part of his employment arrangement.
Japan’s Z Venture Capital launches $190M new fund to support startups globally
Japan-based investment firm Z Venture Capital (ZVC) has launched a new fund with a total size of 30 billion yen ($190 million) to support startups globally.
Malaysia’s Maxis partners UTAR to develop 5G solutions in healthcare and education
Malaysia’s integrated telco Maxis and Universiti Tunku Abdul Rahman (UTAR) are forging partnership to develop 5G solutions in healthcare and education.
Indonesia’s Soul Parking raises Series A funding co-led by AppWorks and AC Ventures to fuel growth
Soul Parking, an Indonesia-based parking management service provider, has announced the completion of a Series A extension round of financing co-led by AppWorks and AC Ventures.
Singapore’s Digital Edge raises over $1.6B to fund expansion
Digital Edge, a Singapore-based data centers developer, raised over $1.6 billion in new capital through a combination of equity and debt financing to fuel its next phase of growth.
Creador acquires majority stake in Indonesian hospitality marketplace MG Group
Creador, a Malaysia-based pvate equity firm, has on Thursday announced the acquisition of a controlling stake in MG Group, an Indonesia-based business to business (B2B) hospitality marketplace, from Northstar and other shareholders.
Maybank positive on Indonesia’s new economy
Maybank Investment Bank has on Friday maintained a positive view of the new economy in Indonesia as it sees the sector is moving on the right path.
WeChat, TikTok granted licenses to operate in Malaysia
Tech firms WeChat and ByteDance (TikTok) have successfully obtained their licenses to operate in Malaysia, the Malaysian Communications and Multimedia Commission (MCMC) said Wednesday.
Grab acquires stake in Nham24 to grow food and grocery delivery market in Cambodia
Singapore-based superapp Grab has acquired a stake in Cambodian food-delivery and e-commerce platform Nham24 to grow food and grocery delivery market in the country.
