News
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.
India’s Mojocare secures $20M Series A funding Led by B Capital and others
Mojocare, an India-based full-stack health and wellness clinic, said Tuesday it has raised $20.6 million in a Series A fundraising round led by B Capital’s Ascent Fund and existing investors Chiratae Ventures, Sequoia India’s Surge, and Better Capital.
Singapore’s AnyMind connects TikTok Shop and Yahoo! Japan’s shopping platforms to AnyX
AnyMind Group, a Singapore-based end-to-end commerce enablement company, announced Wednesday that e-commerce marketplaces TikTok Shop, Yahoo! Japan Shopping and PayPay Mall are now connected to the company’s e-commerce management platform, AnyX, enabling businesses and online merchants to improve cross-channel operational efficiency on even more e-commerce…
