News
Temasek leads $550M funding round in Israel cloud security firm Orca Security
Singapore state investor Temasek has led a $550 million funding round in Israel-based cloud security firm Orca Security, boosting the company's valuation to $1.8 billion. The…
Mekong Capital invests $15M into Vietnam-based genetic testing firm Gene Solutions
Vietnam-focused private equity firm Mekong Capital announced on Tuesday that the Mekong Enterprise Fund IV (MEF IV) has invested $15 million into Gene Solutions. Gene Solutions is…
Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round
Indonesia-based online stock trading platform Ajaib announced that it has become the country's seventh unicorn and the first investment FinTech Unicorn in Southeast Asia. "Ajaib…
Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report
Editor's note: updated with Grab's confirmation & Ovo's comments Singapore-headquartered Grab Holdings is increasing its ownership of the Indonesian mobile wallet provider Ovo to…
Malaysia-based PayHalal partners Atome to offer ‘Shariah-compliant’ BNPL options in Malaysia, Indonesia
Malaysia-based Shariah-compliant payment firm PayHalal announced that it has partnered Singapore-based buy now pay later (BNPL) platform Atome, to enable seamless Murabaha buy now…
Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor
Editor's note: Updated with statement from Ula Indonesian e-commerce startup Ula announced on Monday that it has secured $87 million in Series B funding round co-led by Dutch…
SoftBank-backed Indian hotel aggregator OYO files draft papers for $1.14B IPO
SoftBank-backed Indian hotel aggregator OYO has filed for a $1.14 billion initial public offering (IPO) with the local regulator on Friday. The offering will consist of a fresh…
UK’s CDC Group backs Fatima Gobi Ventures’ Pakistan-focused fund
CDC Group (CDC), the UK’s development finance institution and impact investor, has made an undisclosed anchor investment in Techxila Fund I, a fund managed by venture capital (VC)…
Singapore-based Quincus raises Series B at over $100M valuation
Singapore-headquartered Quincus, an enterprise SaaS platform in solving global supply chain challenges, has announced Thursday that it has closed an undisclosed Series B…
SBI, Sygnym, Azimut launch $75M digital asset-focused VC fund in Singapore
Japan-based FinTech group SBI Group, Singapore-based digital asset bank Sygnum, and European asset manager Azimut Group announced on Thursday the launch of a venture capital fund…
