News
Malaysia Competition Commission closely monitors food delivery platforms after public outcry on exorbitant commission fees
The development also came after local media highlighted last month that some restaurants has urged customers to bypass food delivery platforms and order food directly from their outlets instead of delivery services which take a big cut.
Temasek-backed payments firm Nium raises $200M in Series D funding, now a unicorn
The new funding will enable it to rapidly expand its technical platform and add new embedded fintech services.
AIA Malaysia buys minority stake in Ant-backed e-wallet operator TNG Digital
AIA will offer Touch ‘n Go eWallet customers a seamless, convenient and frictionless experience, making it easy to buy, claim and renew policies.
Indonesia’s HappyFresh raises $65M in Series D funding led by Naver Financial Corp & Gafina B.V.
The team plans to improve service offerings such as more payment methods, better user experience and assortment, bringing its service to more families in each country across the region.
Indonesia’s dental startup KLAR focuses on home market before expanding overseas
Affordable clear aligners are in demand, as brands from overseas entering Indonesia are seen as unaffordable.
PropertyGuru to go public via SPAC merger with Bridgetown 2
The combined company will have an enterprise value of approximately $1.35 billion and an equity value of approximately $1.78 billion at closing.
Singapore B2B transactions platform Tinvio secures $12M Series A to launch new financial services
With its Series A fund, the startup that began with giving B2B users a streamlined platform to communicate and consolidate orders will now delve further into fintech and plans to launch additional financial services, such as financing and credit card issuing.
PE firm Gaw Capital Partners sets up data center JV, with first investment in Batam, Indonesia
In addition to the maiden project in Batam, Data Center First will also work with Gaw Capital Partners to originate, evaluate and develop data center projects in Southeast Asia and beyond.
Singapore’s Partipost bags $5M extended funding on Series A led by Quest Ventures
The funds raised will further develop Partipost’s tech platform and accelerate business expansion into Vietnam, as well as strengthen current operations in Singapore, Indonesia, Taiwan, Malaysia, and the Philippines.
Animoca Brands, Brinc launch Launchpad Luna, an accelerator for NFT startups
The Launchpad Luna accelerator will identify and foster NFT innovation in the fields of culture, art, entertainment, media, gaming, streaming, collectibles, insurance, finance, and data management; DeFi and additional verticals will be added in the future.
