News
CREDAI and Venture Catalysts form $100M Proptech fund in India
The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts, an India-based integrated incubator and accelerator for startups, have partnered to set up a $100 million PropTech fund to invest in startups bringing in innovative disruption in the realestate sector.
Australia’s Morse Micro raises $140M Series B funding led by Japan’s MegaChips Corporation
Morse Micro, an Australia-based fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), announced Tuesday $140 million in Series B funding. The round was led by MegaChips Corporation, a leading ASIC and SoC services company based in Japan.
China’s Tencent up stake in French gaming firm Ubisoft
Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…
Malaysia government wants to tap huge potential in UAS sector – report
The government will also develop the UAS Traffic Management System (UAS-TM).
Indonesia’s Akulaku partners with China’s Alipay+ for BNPL service
Akulaku, an Indonesia-based banking and digital finance platform, announced Tuesday the Akulaku PayLater partnership with Chinese cross-border digital payments firm Alipay+, which will allow Indonesian consumers to use its buy now, pay later (BNPL) solution Akulaku PayLater at Alipay+’s global merchants.
Indonesia’s Gokomodo raises $26M Series A funding led by East Ventures
Gokomodo, an Indonesian agriculture supply chain platform, announced Tuesday a $26 million series A funding round led by East Ventures. Other investors participating in the oversubscribed round are SMDV, Eight Capital, K3 Ventures, Triputra, Waresix, Indogen Capital, Sahabat Group, and Sampoerna Financial.
Grab rival Be Group gets $60M loan for Vietnam expansion – report
The ride-hailing market in Vietnam is expected to grow at a compound annual rate of more than 28 percent over the next five years, according to research firm Mordor Intelligence.
Surge in digital adoption shows no sign of slowing down, Telenor survey shows
Surge in digital adoption shows no sign of slowing down as three in four expect mobile usage to increase, with Thai respondents leading this trend, a study showed Monday.
Singapore’s Eezee raises $7.5M Series A round led by Ayala’s VC arm
Singapore-based procurement start-up Eezee revealed Monday that it has raised $7.5 million in its Series A round. This was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation and its business units.
Indonesian credit tech startup SkorLife scores $2.2M pre-seed funding
Indonesia-based credit tech startup SkorLife announced Monday that it has raised a $2.2 million pre-seed funding round from a group of high-profile investors. AC Ventures participated in the round, along with Saison Capital and an all-star list of angel investors in Asia.
