News

MoneyHero completes business combination with Bridgetown

CompareAsia Group Capital (MoneyHero), a financial products platform in Greater Southeast Asia, has completed its previously announced business combination with Bridgetown, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital Thiel Capital. The completion of the business combination values…

Singapore regulator raises competition concerns on Grab’s plan to acquire Trans-cab

The statement comes after the CCCS completed its Phase 1 review of the proposed acquisition by Grab through its wholly-owned subsidiary, Grab Rentals Pte Ltd of 100 percent stake in Trans-cab.

Vietnamese EV maker VinFast to expand into Southeast Asia, raising more capital – report

Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.

Australia’s Atlassian to acquire video messaging platform Loom for $975 million

Atlassian Corporation, a provider of team collaboration and productivity software based in Australia, will acquire video messaging platform Loom for approximately $975 million to supercharge team collaboration.

Indonesia’s AMODA raises seed funding co-led by East Ventures and Living Lab Ventures

AMODA, a property and construction technology startup in Indonesia, has secured seed funding co-led by East Ventures and Living Lab Ventures. This round of investment strengthens its balance sheet, following the pre-seed funding in 2022. The funding will be mainly allocated to expanding its product, technology, and operation capabilities.

Kazakhstan Science Fund partners Quest Ventures to boost startup ecosystem

The Science Fund, a Kazakhstan national institute for scientific and technological development, has on Monda announced that it has signed an agreement with Singapore-based venture capital firm Quest Ventures to bolster the vibrant emerging startup and innovation ecosystem in the country.

Vietnamese robotic prosthetics firm Vulcan Augmetics raises seed funding from Quest Ventures

Vulcan Augmetics, a Vietnam-based robotic prosthetics firm, has on Monday announced that it has secured seed funding from Singapore-based venture capital firm Quest Ventures.

Budget 2024: Malaysia federal govt plans to adopt EVs as official vehicles

The government will also strengthen the venture capital environment through the centralization of venture capital agencies such as Penjana Kapital and MAVCAP under the sovereign wealth fund Khazanah Nasional Berhad.

Vietnam’s GSM expands to Lao electric vehicle ride-hailing service market

Vietnam’s Green and Smart Mobility JSC. (GSM) has imported 150 VinFast electric cars into the Lao market in preparation to launch its electric taxi service under the brand Green SM. Green SM plans to introduce its electric taxi services in Laos by 2023, with 1,000 VF 5 Plus and VF e34 electric cars making up its fleet.