News
Malaysia Science Ministry to identify needs of R&D, C&I industry players, says minister
Dr Adham also announced the collaboration of MRANTI with five IPTs for the Supercharger Series to bring the best 50 intellectual properties of spin-off companies to the path of commercialization.
Singapore’s SolanaFM completes strategic seed funding round raising $4.5M
Singapore-based crypto firm SolanaFM announced Thursday that it has secured $4.5 million in a seed funding round led by SBI Group's Digital Asset Opportunity Fund. The seed funding round that was spearheaded by SBI Group's Digital Asset Opportunity Fund attracted the participation of top venture capital firms including Zee Prime, Spartan Group, Mirana…
PropertyGuru’s 2Q revenue rises 44 percent as all business segments grow
Singapore-based proptech firm PropertyGuru saw its revenue for the second quarter ended June 30 rose 43.6 percent to S$33.03 million ($23.74 million) from $23 million ($16.53 million) a year ago, underpinned by growth across all markets and business segments.
Grab’s 2Q revenue rises 79 percent on higher mobility and deliveries contribution
Southeast Asia’s super app Grab announced Thursday that its revenue surged 79 percent year on year to a record high of $321 million, driven by strong growth in mobility and deliveries revenue, including contributions from its recently-acquired Malaysian retail chain Jaya Grocer.
India’s Loopworm raises $3.4M seed round co-led by Omnivore and WaterBridge
India's insect biotech startup Loopworm announced Wednesday that it has raised a $3.4 million seed round co-led by Omnivore and WaterBridge Ventures. The round also saw participation from Titan Capital and leading angel investors including Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), and Akshay Singhal (Log9 Materials).
Singapore’s Genesis Alternative Ventures launches $150M second venture debt fund
Following the success of its debut $90 million fund in 2019, Singapore-based venture capital firm Genesis Alternative Ventures has launched its second venture debt fund to raise $150 million to finance start-ups across Southeast Asia. Almost half the fund was raised at first close earlier this month.
APAC consumers ahead in digital payments uptake, Mastercard survey finds.
Consumers in the Asia Pacific (APAC) region remain among the most enthusiastic adopters of digital payments in the world, with 88 percent having used technologies like digital wallets, QR codes, buy now pay later (BNPL), cryptocurrencies, biometrics and others in the last year, Mastercard research revealed on Thursday.
Indonesia’s Superkul raises seed funding led by East Ventures
Superkul, a cold chain and chiller-based last-mile delivery services startup in Indonesia, announced Thursday the completion of its seed funding round led by East Ventures, the sector-agnostic venture capital firm in Indonesia.
Malaysia’s Kenanga partners China’s Ant to develop wealth super app
Malaysia-based Kenanga Investment Bank Berhad (Kenanga) has partnered with China-based Ant Group to develop Malaysia’s first wealth super app. Both parties have signed a Memorandum of Understanding (MOU) on the partnership, and under the MOU, Kenanga will leverage mPaaS, a mobile development platform from Ant Group’s digital technology unit, to launch the…
Malaysia’s BookDoc Founder & CEO Chevy Beh dies
Founded in August 2015, BookDoc has expanded to five countries – Malaysia, Singapore, Indonesia, Hong Kong and Thailand – and 20 cities.
