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News,eCommerce,Singapore,Investments
Singapore e-commerce startup Cococart raises $4.2M from Forerunner Ventures and Sequoia Capital for overseas expansion
Cococart has secured $4.2 million in seed funding to expand its growth internationally. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit Chief Executive Officer James Park, Curated Chief Executive Officer Eduardo Vivas, and other strategic…
March 1, 2022
PropertyGuru delivers over $74.36M revenue in 2021, beats full year forecast
PropertyGuru Group said Monday its total revenue increased by 22.7 percentto S$100.7 million ($74.36 million) from S$82.1 million ($60.63 million), reflecting rising confidence in the property market .This is also 3.3 percent better than the group’s 2021 forecast of S$97.5 million ($72 million).
March 1, 2022
Malaysia needs “big innovation purpose” to stay ahead, says its government agency MRANTI
An ambitious purpose on innovation, a synergised ecosystem and a ‘bridge’ between research and commercialisation - these are among the elements needed for Malaysia to pull ahead in the region and achieve its ambition to be among the top 20 most innovative nations by 2030 in the Global Innovation Index, said Malaysian Research Accelerator for Technology and…
March 1, 2022
News,FinTech,Singapore,Investments
Singapore FinTech firm Volopay raises $29M for APAC and MENA expansion
Volopay has successfully raised $29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor Jeffrey Cruttenden (Chief Executive Officer of Acorns) along with Access Ventures, Antler Global, and…
March 1, 2022
Japan e-commerce giant Rakuten CEO Hiroshi Mikitani donates $8.7M to Ukraine for humanitarian assistance
The donation is intended for humanitarian activities to help people in the country who have become victims of the violence, he said.
February 28, 2022
News,eCommerce,Mergers and Acquisitions,SEA,Vietnam
Society Pass acquires Vietnam online grocery delivery service Handycart
Society Pass Incorporated (SoPa) has acquired Dream Space Trading Company Limited, the operator of Handycart. The newly acquired company will be integrated into SoPa's food and beverage delivery vertical with SoPa's existing merchant software platform #HOTTAB,
February 28, 2022
VCs scout opportunities in MedTech despite higher valuation fueled by pandemic
A growing population of more than 600 million with a combined GDP of more than $3 trillion and a rapid growth of the middle class are expected to fuel strong demand in healthcare coverage in Southeast Asia.
February 28, 2022
News,Asia,Investments,Singapore,Transportation
Singapore micromobility startup Beam secures $93M in Series B funding led by Affirma Capital
Beam announced Friday a Series B funding round of $93 million led by Singapore-based private equity firm Affirma Capital. The round also saw participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global, and Momentum Venture Capital, among others. Funds raised will be used to bring Beam’s shared micromobility vehicles…
February 25, 2022
Indonesian auto-financing startup Broom raises $3M in pre-seed funding round led by AC Ventures
Broom has raised $3 million in a pre-seed funding round led by AC Ventures. Quona Capital and several angel investors, including Founders of unicorn startups in Indonesia, such as Kopi Kenangan and Lummo, also joined the round. The funding will be used to accelerate the company’s growth by improving customer experience with tech-based solutions through new…
February 25, 2022
News,Blockchain / Crypto,Telecommunications,Asia,Mergers and Acquisitions
India’s Airtel acquires strategic stake in Singapore blockchain technology startup Aqilliz
Bharti Airtel (Airtel) has acquired a strategic stake in Aqilliz, a Singapore-based blockchain as a service company. It aims to deploy Aqilliz’s advanced blockchain technologies at scale across its fast growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings.
February 25, 2022
ADB commits record climate finance of almost $10B in 2023
February 1, 2024
ADB commits record climate finance of almost $10B in 2023
February 1, 2024