News
SGTech sees Singapore’s digital trust to grow to $3.36B in next five years
SGTech, the premier trade association for the tech industry in Singapore, on Friday launched a holistic and comprehensive landscape report into digital trust, which details how Singapore could grow the digital trust sector by nearly three-fold by 2027 – from S$1.7 billion ($1.19 billion) currently to S$4.8 billion ($3.36 billion).
Indonesia’s Runchise raises seed funding led by East Ventures
Runchise, a restaurant management startup and culinary franchise in Indonesia, announced Friday the completion of seed funding led by East Ventures.Other investors participating in this funding round include Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors.
Indonesia’s Xurya receives additional funding from Mitsui to top $33M Series A
PT Xurya Daya Indonesia (Xurya), a solar power rental and installation startup, has received additional series A funding from global trading and investment company Mitsui & Co., Ltd. (Mitsui) and PT Surya Semesta Internusa Tbk (SSIA). Its total funds obtained through series A reached 33 million US dollars following the raise.
Singapore’s AUM Biosciences plans to go public via SPAC merger
Singapore-based biotechnology company AUM Biosciences (AUM) plans to go public on Nasdaq via a special purpose acquisition company (SPAC) merger with Mountain Crest Acquisition Corp.
Malaysia’s K-One to conduct cloud computing business in Vietnam
Malaysian technology solutions provider K-One Technology Berhad (K-One Tech or K-One Group) plans to establish a joint venture in Vietnam to conduct cloud computing business.
The 11th Lee Kuan Yew Global Business Plan Competition seeks student innovators globally to reimagine a deep-tech enabled future
One of the world’s largest global university start-up competitions, the Lee Kuan Yew Global Business Plan Competition has now opened its call for applications.
India’s Zoomcar bags $10M financial investment in connection with the merger with Innovative
India-based car sharing platform Zoomcar announced Wednesday $10 million financial investment in connection with the merger with Innovative International Acquisition Corp, a United States-listed special purpose acquisition company.
Funding Societies Malaysia appoints Chai Kien Poon as Malaysia Country Head
Funding Societies Malaysia has announced the appointment of Chai Kien Poon as Country Head of Malaysia. In his new role, he will be responsible for managing day-to-day operations of Funding Societies in Malaysia, as well asdriving strategic business partnerships and initiatives for the largest and leading small and medium-sized enterprise (SME) digital…
Shift4Good completes its first closing over $98M to invest in sustainable mobility start-ups
Singapore and France-based venture capital fund Shift4Good, announced Tuesday the first closing of over €100 million ($98 million) Shift4Good Fund 1 to invest in sustainable mobility start-ups.
Vietnam’s VinFast scoops Autobest The Rising Star award
VinFast, the first Vietnamese electric vehicle (EV) manufacturer, has received the Autobest The Rising Star award in a ceremony at the 2022 Paris Motor Show. The award is to recognise the rapid emergence of VinFast: from a newcomer to leading the pack of ambitious new automotive brands in Europe.
