News

GGV Capital, a global venture firm, has rebranded its Asian operations as Granite Asia, reflecting the plan to become the region’s leading multi-asset investment platform.

Indian branded franchised retail chain for small towns of India SuperK has raised $6 million in a Series A round of funding led by Blume Ventures. The round also saw participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, and some angel investors and syndicates.

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

Malaysia Digital Economy Corporation (MDEC) under the newly established Ministry of Digital in Malaysia said it will introduce new Malaysia Digital (MD) tax incentives in May to boost Malaysia's digital leadership.

MetaPals, a Singapore-based artificial intelligence (AI) digital companion platform, is partnering with global amination studio WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on April 20, 2024.

PasarPolis, a Insurtech company based in Indonesia, has reported a 2 times revenue growth since its last funding round until 2023. It has maintained a positive gross margin since its first year of operation, demonstrating its financial strength and stability.

Vietnamese car maker VinFast Auto has officially opened sales of the VF e34, a C-segment electric sports utility vehicle (SUV) with a right-hand drive configuration, marking VinFast's first offering in the Indonesian market.

StealthMole, a Singapore-based cybersecurity firm, has bagged $7 million in a Series A funding round led by Korea Investment Partners (KIP). The round was also joined by Hibiscus Fund, a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.

The Indonesia tech sector secured a total funding of $91.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a drop of 36 percent from $143 million raised in the same period last year (till March 15, 2023). Tracxn said Thursday.

The Vietnam Tech ecosystem raised total funding of $35.7 million in the first quarter of 2024 to date (till March 15, 2024), which is a 39 percent decline from $58.6 million raised in the same period in 2023, Tracxn said Wednesday.