News
Indonesia e-commerce group Blibli plans up to $528M IPO next month – report
The IPO plan follows the $1.1 billion IPO of GoTo Group, Indonesia's biggest tech firm, earlier this year and the 2021 $1.5 billion IPO of BukaLapak.
Despite headwinds, Southeast Asia will pick up growth rate in next ten years : report
The Southeast Asian economy is forecasted to grow by 4 percent to 5 percent annually over the next 10 years, with Vietnam leading the charge at a projected growth of 5 percent to 7 percent, according to a joint report by Bain & Company and Monk’s Hill Ventures’ Angsana Council.
Mastercard and Grab launch program to boost entrepreneurship in Southeast Asia
Mastercard and Grab, the Singapore-based super app, announced Tuesday the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam.
Indonesia’s unicorn Kopi Kenangan debuts in Malaysia – report
Founded in 2017, Kopi Kenangan expanded to more than 850 outlets in 64 cities in Indonesia and officially became the first Southeast Asia company to achieve 'unicorn' status in the F&B category in December last year.
Singapore-based insurtech Bolttech closes Series B investment at $1.5 billion valuation
Bolttech, a Singapore-based insurtech company, announced Monday Tokio Marine, alongside other shareholders, will lead its Series B funding round. The investment values bolttech at an up-round valuation of approximately $1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.
Indonesian farming startup Beleaf raises $2M seed funding led by Alpha JWC Ventures
Indonesian smart farming startup Beleaf announced Monday its recently closed Seed funding of $2 million led by Alpha JWC Ventures, with participation from BRI Ventures’ Sembrani Nusantara, MDI-Finch Capital’s Arise, and several prominent angel investors.
Indonesian financial management platform Pocket raises pre-seed funding led by East Ventures
Pocket, an Indonesia-based fintech startup providing a holistic financial health platform for families, announced Monday the completion of an undisclosed amount of pre-seed funding led by East Ventures.
Singapore’s Endowus acquires Hong Kong’s Carret Private Investments to boost wealth management business
Endowus, the Singapore-based digital wealth advisory platform, announced Monday that it has completed its acquisition of a majority stake in Carret Private Investments Limited, a Hong Kong-based wealth manager and multi-family office that serves ultra-high-net-worth individuals, families, trusts and charitable organisations.
Hong Kong’s imBee raises $5M Series A funding led by DCM Ventures
ImBee, a Hong Kong-headquartered chat management platform, announced Monday that it has raised $5 million in Series A funding led by DCM, a global venture capital firm, to advance its platform offerings, go deeper into existing markets and expand its footprint in the Asia-Pacific region.
PropertyGuru acquires Singapore home services technology company Sendhelper
PropertyGuru Group Limited, the Singapore-based property technology company, announced Friday that it has acquired Sendhelper, a Singapore home services technology company.
