News
CapitaLand Investment launches new business park development fund in India
Singapore-based real estate investment firm CapitaLand Investment Limited (CLI) has launched a business park development fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of SGD 525 million ($390.04 milion) to invest in Grade A business parks in prime locations across gateway cities in India.
Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024
Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…
Gartner survey shows generative AI has become emerging risk for enterprises
The mass availability of generative AI, such as OpenAI’s ChatGPT and Google Bard, became a top concern for enterprise risk executives in the second quarter of 2023, according to Gartner, Inc.
MRANTI launches Malaysia innovation matching platform to propel commercialization rate
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has on Wednesday announced the launch of the Malaysia Technology Commercialization Platform (MATCH), in a strategic move to provide stronger links for the technology innovation ecosystem.
India’s Credgenics raises $50M in series B funding led by Westbridge Capital, Accel and others
Credgenics, an India-based software as a service (SaaS) based debt collections and resolution technology platform, has raised $50 million in a Series B funding round. The funding was led by Westbridge Capital, Accel, Tanglin Ventures, Beams Fintech Fund and other strategic investors.
Antler appoints serial entrepreneur Frank Kang as Associate Partner and Country Head for Malaysia
Singapore-based venture capital firm Antler has on Wednesday announced the appointment of Frank Kang as Associate Partner for Malaysia. This senior-level appointment further strengthens Antler's commitment to investing in early-stage startups and backing exceptional founders in the region.
Singapore’s Endowus raises $35M funding from UBS, Citi Ventures, MUFG and others
Singapore-based digital wealth platform Endowus has raised $35 million in its latest funding round. The firm said in a statement on Wednesday that new investors include Citi Ventures and MUFG Innovation Partners, as well as four of Asia’s wealthiest families with various operating businesses spanning banking to real estate across Singapore, Southeast Asia,…
D3 Labs joins forces with Indonesian Blockchain Association for Digital Rupiah
Indonesian blockchain-based solutions provider D3 Labs has joined forces with the Indonesian Blockchain Association to provide impetus in the first phase of Digital Rupiah development. The Garuda Project, an initiative of Bank Indonesia for developing the Digital Rupiah, has garnered significant attention since its announcement.
Indonesia’s GORO raises $1M funding in pre-seed round led by Iterative
GORO, an Indonesia-based fractional property marketplace platform, has raised $1 million in a pre-seed round led by early-stage venture capital firm Iterative. The funding round was also participated by several prominent investors including XA Network, StashAway’s Angel Investing Program and Indonesian property veteran, Mike Broomell of Colliers……
Apple Pay launches in Vietnam
According to local media VN Express International, Vietnam is the third country in Southeast Asia to allow Apple Pay after Malaysia and Singapore.
