News
Vietnam’s MFast secures Series A funding led by Wavemaker Partners, sets sights on regional expansion
MFast, a financial services distribution network in Vietnam, has concluded its Series A funding round, led by Wavemaker Partners. The round also saw participation from new investors Finnoventure Fund I, managed by Krungsri Finnovate, and Headline Asia, along with existing investors Do Ventures, JAFCO Asia, and Ascend Vietnam Ventures.
Online grocery firm Zepto raises $200M at $1.4B valuation, emerges as Indian first unicorn this year
Founded in July 2021, Zepto plans to go public in the next two to three years.
Vietnam joins regional payment connectivity initiative
State Bank of Vietnam (SBV), the central bank of Vietnam, has officially joined the regional payment connectivity (RPC) initiative. The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development for faster, cheaper, more transparent, and more inclusive cross-border payments.
PropertyGuru’s revenue rises 12 pct year on year, underpinned by Malaysia and Singapore’s operations
Singapore-based property portal PropertyGuru Group Limited has on Thursday announced that the group's revenue increased by 12 percent year on year to SGD 37 million ($27.28 million). PropertyGuru said in a statement that the group posted a net loss of SGD 6 million ($4.42 million) in the second quarter, as compared to a net income of SGD 4 million ($2.95…
SHEIN and SPARC Group join in a strategic partnership
Global retailer SPARC Group Holdings II LLC has on Thursday announced a strategic partnership with SHEIN, the Singapore-based integrated online marketplace for fashion, beauty and lifestyle products. Under the agreement, SHEIN acquires an approximately one-third interest in SPARC Group, a joint venture that includes Authentic Brands Group and Simon Property…
PrimaKu raises Pre-A financing from Northstar, AppWorks to support childhood development in Indonesia
Founded in July 2017, PrimaKu is a community-based parenting ecosystem helping address the challenges of parenting in Indonesia. Through its full-stack digital platform, PrimaKu connects parents, pediatricians, and health facilities to provide comprehensive child healthcare services.
Vietnamese internet firm VNG seeks $150 million in US listing – report
The news came after Vietnam-based electric car maker VinFast's recent sterling debut in the US. VinFast's shares have rocketed after its US debut earlier this month.
