News
Tracxn : Indonesia sees 54 percent decline in startup funding in 2023
Indonesia has witnessed total funding of $1.4 billion year to date, a drop of 54 percent as compared to the same period in 2022, Tracxn said Wednesday. The number of funding rounds in the country year to date also experienced a drop of 49 percent as compared to the same period in 2022.
Animoca Brands and T&B Media Global partner to expand ecosystem capabilities in Web3 space
Hong Kong-based gaming company Animoca Brands and Thailand-based Intellectual Property (IP) company for entertainment technologies T&B Media Global (T&B) have announced a partnership to expand ecosystem capabilities in Web3 space.
Singlife launches Singlife Connect 2.0 to continue supporting insurtech startups in Singapore
Singapore-based financial services company Singlife has launched the second edition of its in-house accelerator program, Singlife Connect. The accelerator program supports and spurs the growth of promising insurtech and budding ecosystem enterprises, Singlife said in a statement on Wednesday.
South Korea’s LINE NEXT raises $140M to expand Web3 ecosystem
LINE NEXT Corporation., South Korea-based LINE’s venture dedicated to developing and expanding the non-fungible token (NFT) ecosystem, announced Wednesday that it has secured a $140 million investment from a consortium led by the private equity firm Crescendo Equity Partners.
Tracxn: Vietnam’s year-to-date funding falls to lowest since 2019
Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019. The Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the funds raised in the same period in 2022 and 2021,…
Taiwan’s Gogoro launches battery swapping ecosystem in India, unveils India-made CrossOver smartscooter
Gogoro Inc., a Taiwan-based technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, has on Tuesday announced the immediate availability of its battery swapping ecosystem and Smartscooters in India.
IFC, Bank of the Lao PDR strengthen partnership to boost green finance, achieve climate goals
The collaborative effort to boost green finance between IFC and the bank has been strengthened with a new cooperation agreement signed on Tuesday. This enhanced partnership aims to accelerate necessary reforms to develop guidelines and standards to attract the green capital the country needs to drive its economy and create jobs while promoting a greener…
Tracxn: SEA tech startups continue to see a downward trend as funding falls 65 percent in 2023
The Southeast Asia (SEA) Tech sector received a total funding of $4.3 billion in 2023 year to date (till December 5, 2023), a 65 percent plunge from $12.4 billion raised in the same period last year, Tracxn said Tuesday.
Indonesia to audit TikTok, Tokopedia trial e-commerce tie-up – report
"We will give a three to four months period for trial because technology is not an easy thing. Maybe efforts to perfect it would be needed," Indonesia's Trade Minister Zulkifli Hasan said.
Singapore’s Sweef Capital makes strategic investment in Vietnam’s USM Healthcare
Singapore investment firm Sweef Capital has made strategic investment in Vietnam-based USM Healthcare to increase access to affordable medical devices and orthopedic products.
