News
Indonesia’s Qoala raises $65M Series B funding led by Eurazeo
Indonesia-based insurtech startup Qoala, said Wednesday it has successfully raised Series B funding of $65 million led by Eurazeo.The round also saw participation from several existing investors including Flourish Ventures, KB Investment, MassMutual Ventures, MDI Ventures, SeedPlus and Sequoia Capital India. BRI Ventures, Daiwa PI Partners, Indogen Capital,…
Hong Kong’s Gusto Collective completes seed plus financing round of $11M
Gusto Collective, Hong Kong-based BrandTech holding company, said Thursday it has raised $ 11 million in its seed plus funding round led by Animoca Brands and Gaw Capital. The oversubscribed round also received participation from BlackPine, YCI Limited, and several existing shareholders including ClearVue Partners. With the completion of this round, the…
YouTrip & Mastercard launch YouBiz smart corporate card for SMEs to earn unlimited cashback and save on FX fees
The development follows YouTrip’s recent $30 million Series A funding.
SC Ventures and SBI Holdings sign MOU to speed up portfolio expansion and build ecosystems
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, announced that it had entered into a memorandum of understanding (MOU) with SBI Holdings, Inc. SC Ventures aims to expand their portfolio at a business and geographic level and to explore new ecosystems through this partnership.
Taiwan’s Gogoro to launch battery swapping platform & smartscooters in Israel
Gogoro Inc., a Taiwan-based battery swapping ecosystems provider, announced Thursday it was partnering with Israeli two-wheel vehicle distributor Metro Motor and Israeli gas and energy company Paz Group to launch its battery swapping platform and smartscooters in the Tel Aviv metropolitan area this summer and other cities in Israel in the future.
Vietnam’s EV maker VinFast’s IPO may be delayed till next year – report
The IPO is planned for the fourth quarter of this year.
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
Temasek’s Fullerton Fund Management to list private equity fund on ADDX’s digital platform
Private market exchange ADDX said Wednesday it has partnered with investment specialist Fullerton Fund Management Company Ltd (Fullerton) to list Fullerton’s private equity fund of funds on its digital platform. The Fullerton Optimised Alpha Fund is a closed-end fund targeting 8 percent to 12 percent in returns per annum over its fund life of seven years.
Singapore insurtech firm CoverGo raises $15M Series A led by SemperVirens VC
CoverGo, a Singapore-based insurtech platform, announced Tuesday it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. The startup's strategic investors include pan-African insurance group Old Mutual, Asia-based…
South Korea’s oHouse raises $182M Series D funding from SoftBank Ventures Asia and others
oHouse, a South Korean home furnishing and remodeling unicorn, announced Friday that it has raised $182 million Series D funding from prominent global investors to power the global growth of its groundbreaking lifestyle platform. The funding came investors including SoftBank Ventures Asia, BRV Capital Management, Vertex Growth which is anchored by…
