News
Pickupp to expand presence in Malaysia after completing Series A and A+ funding co-led by PChome, Cornerstone Ventures
Pickupp Malaysia plans to expand coverage of more territories in Malaysia, grow its workforce of delivery agents, and continue investing in technology to further improve its offerings in the market.
Global founder collective MAGIC Fund raises $30 Million Fund II to continue backing early-stage startups
MAGIC Fund II is currently looking at global startups that are focused on building infrastructure while delivering a quality customer experience. The firm typically writes checks of $100,000 to $300,000 for early-stage startups and will continue to do so in this fund.
MiRXES secures $77M Series C funding to accelerate multi-cancer early detection pipeline
Led by CR-CP Life Science Fund, this new capital will support MiRXES’s growth as a global leader in cancer early detection tests and preventive healthcare.
AirAsia considers listing digital business in US via SPAC to raise $300M
CEO Tony Fernandes said a few technology-focused SPACs have approached the airline group, and AirAsia has engaged auditors for a deal to list the unit.
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
Philippines e-commerce logistics startup Locad secures $4.9M Seed fund led by Sequoia Capital India’s Surge
Locad currently runs seven fulfillment centers: four in the Philippines and one warehouse each in Singapore, Hong Kong, and New South Wales. The company plans to use part of its seed fund to further expand its warehouse network in the Philippines and across the APAC region.
29 Applicants to bid for 5 digital banking licenses in Malaysia, with national cooperatives group joining in
A diverse range of parties have submitted applications for the digital bank licence, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives and state governments.
AirAsia’s BigPay teams up with state-linked MIDF, PE firm Ikhlas Capital for digital banking license in Malaysia
BigPay's consortium will be joining a crowded field for digital bank licences on offer. Malaysia central bank said it would issue up to five licenses by early 2022.
Animoca Brands hits unicorn status after completing $138.88M capital raise with second tranche of $50M
The new capital will be used to fund strategic investments and acquisitions, product development, and licenses for popular intellectual properties.
