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News,eCommerce,Asia,Investments
India hyperlocal e-commerce platform LoveLocal raises $18M pre-Series B round led by Vulcan Capital
LoveLocal's Pre-Series B marks the largest round ever raised by a solo woman tech founder in India. This represents a huge step forward in the Indian startup ecosystem and comes at a time when less than 1 percent of Indian venture capital deals are invested in women-only-led companies. Moreover, the country is grappling with a sharply declining female labor…
October 29, 2021
News,Investments,Malaysia,Venture Capital
Malaysian investment firm Kenanga Investors launches fund to invest in tech firms
The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public offerings, and have or will develop products and services that are linked to technologically-driven innovations. The fund also aims to further bridge the gap between retail…
October 29, 2021
News,FinTech,Singapore,Mergers and Acquisitions
Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering
The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…
October 29, 2021
Singapore,Malaysia,Vietnam,Indonesia,InsurTech
Singapore insurer NTUC Income expands Insurance-as-a-Service to Indonesia, Vietnam, Malaysia via partnerships
These strategic alliances are built on Income's Insurance-as-a-Service (IaaS) model that enables the company to bring digital-first insurance business models to partners overseas, enhance their speed-to-market, and equip them with the right capabilities and tools to capture new customer segments and revenue streams
October 28, 2021
News,Investments,Philippines,FoodTech
Philippines cloud kitchen startup CloudEats closes $5M Series A with Vulpes, Gobi Partners, and Alibaba-backed BAce Capital
Funds raised in this round will be utilized to scale CloudEats’ proprietary smart kitchen technology, open cloud kitchens in more markets across the region, and develop new champion brands like Burger Beast, which has now become one of the top recognized burger brands in the Philippines, CloudEats said in a statement.
October 28, 2021
News,Investments,Venture Building,Singapore,Sustainability
Wavemaker Partners launches climate tech venture builder Wavemaker Impact with $25M target for its first fund
Wavemaker Partners believes that climate change is an existential threat for the region, with three of its largest cities facing the threat of being underwater by 2050. Thus, the founders of Wavemaker Impact believe that entrepreneurs will drive solutions to addressing climate change and aim to launch companies that will reduce 10 percent of global…
October 28, 2021
UK AdTech Admix raises $25M Series B for APAC expansion, looks to scale as the content monetization layer for the metaverse
The funding will be used to scale up its In-Play solution worldwide and establish the company as the content monetization layer for the metaverse
October 28, 2021
News,Investments,Philippines,FoodTech
With $1.2M Seed funding, WTH Foods aims to bring alternative protein-based Filipino dishes to international markets
WTH Foods launched a research and development (R&D) facility to enhance the texture and taste of its plant-based products. It will use the facility to hone its plant-based versions of popular Filipino dishes and products to target more than 2.2 million Filipinos living away from home with expansion plans to Singapore, other markets across Southeast Asia and…
October 28, 2021
AirAsia partners more airlines to sell competitors’ flights on super app
AirAsia's move to partner with more airlines and sell more flights on its super app comes as Malaysia and other countries in Southeast Asia are beginning to reopen their economies and tourism sector to welcome back tourists.
October 28, 2021
India neobank Zolve closes $40M Series A funding round at a valuation of $210M, will scale financial services for US-bound immgrants
With these additional funds, Zolve intends to enhance the user experience for global citizens, allowing them to open their U.S. accounts in minutes. Moreover, the funds will help speed expansion of the service to more nationalities, increasing the number of people who can start building their financial futures from the moment they arrive in the U.S.…
October 28, 2021