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Malaysia unicorn Carsome seeks $200M in pre-IPO funding round – report
The Malaysia’s first tech unicorn is working with an adviser for the planned fundraising and aims to complete it as soon as in the coming weeks, Bloomberg reported.
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Indonesia’s Gojek and Taiwan’s Gogoro to deploy battery swapping and two-wheel electric vehicle pilot in Jakarta
Gojek and Gogoro have announced a strategic partnership to deploy a battery swapping and two-wheel electric vehicle pilot in Jakarta. The pilot program will consist 250 Gogoro Smartscooters and four GoStation battery swapping stations that will be located at Pertamina gas stations. Both companies plan to scale up the pilot to 5,000 scooters and more battery…
Hong Kong-based gaming platform The Sandbox raises $93M funding led by SoftBank to grow its open NFT metaverse
The investment will enable the company team to scale the platform’s growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans through virtual experiences including games, live performances, and social experiences.
Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah
hoolah will accelerate its growth with a platform to extend its BNPL offering to over 8,000 merchants and 30 million shoppers across nine markets in the Asia-Pacific. ShopBack will further enhance its suite of shopping tools and rewards by offering shoppers a responsible, convenient, and flexible payment option at checkout.
Singapore BioTech TurtleTree raises $30M Series A funding led by European investor VERSO Capital
Turtle Tree has successfully raised $30 million in the first tranche of its Series A funding, one of the largest investment rounds to date in Asia's cell-based food sector. The funding sees participation from investors worldwide, including lead investor VERSO Capital. Following this round of funding, TurtleTree has now raised over US$40 million to date.
Affinity Equity Partners invests $150 million in Emtek-backed OTT platform Vidio
With the investment, Affinity will join the board of Vidio and will partner Vidio to turbocharge its growth and extend its market leadership in Indonesia. This investment also supports Vidio to expand its successful Indonesian Original Series franchise, license additional key sports content rights, and invest in building out its live stream and engagement…
Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges
With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted 'Virgin Bitcoins' with no transaction history are considered pristine and can potentially command a premium. 'Green Bitcoins' mined with renewable energy sources are also…
Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand
The company plans to use the new funding for research and development, marketing and branding, hiring more talents, and launching a new second-line brand. Through existing infrastructure and know-how, the company’s vast logistical and distribution capabilities via partnerships with DMMX and SiCepat Ekspres allow for tremendously scalable operations
Taiwan’s ProLogium Technology secures $326 million to expand global electric vehicle battery production capacity
The funds will be deployed to expand production capacity in Asia, Europe, and the US between 2023 and 2025 to supply the local demands of the major OEMs with high-quality EV batteries. This will accelerate the provision of SSB solutions for ProLogium's EV strategic partners.
