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Indonesia’s Traveloka in talks to raise up to $400M for SPAC deal – report
The fundraising, a so-called private investment in public equity (PIPE), would be part of a deal to merge the online travel startup with Bridgetown Holdings Ltd as soon as this year.
Singapore FoodTech startup Hoow Foods raises $2.22M pre-Series A, launches new plant-based subsidiary Hegg Foods
The company is currently planning its pilot-scale production and is working on plans to commercialize HEGG by the first half of 2022.
BigPay banks on AirAsia’s ecosystem, consortium’s banking expertise to vie for digital banking license in Malaysia [Q&A]
In the interview, Dhanani also shared BigPay’s plans and strategy on how to serve the “underserved and unserved” segment in Malaysia.
Temasek, SoftBank invest in India EdTech unicorn Unacademy’s Series H funding round
The latest fundraise takes the valuation of Unacademy Group to $3.44 billion.
Malaysia’s Axiata eyes 66% stake in Indonesia’s Link Net
The group and its 66.48 percent subsidiary, PT XL Axiata Tbk, has entered a non-binding term sheet with Asia Link Dewa Pte Ltd and PT First Media Tbk to facilitate discussions and negotiations for a potential acquisition of 1.82 billion shares or 66.03 percent stake in Link Net.
Temasek, DBS jointly launch $500M debt financing platform for Asia’s growth stage tech firms
Headquartered in Singapore, EvolutionX will provide non-dilutive financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia.
Animoca Brands acquires indie game developer Blowfish Studios
The current management of Blowfish will continue to operate the company after the acquisition.
Crypto wealth platform Vauld raises $25M in Series A round led by Peter Thiel’s Valar Ventures
The funding will be used to support the company’s international growth and licensing as well as expand its retail crypto banking and investing platform.
Consumers are spending with overseas retailers more now than ever
2020 was the year of the pandemic, and undoubtedly, the year of e-commerce. With the mobility restrictions, people were spending more time at home and turning to the Internet to meet more of their daily needs. The result of this massive digital adoption was the exponential growth of the Southeast Asia e-commerce market.
Airwallex founders launch new venture capital fund Capital 49, aims to raise $200M
Capital 49 will look for opportunities to invest in companies within Airwallex’s ecosystem, across a number of industries including e-commerce, SaaS, digital and technology, business services and enablers, and FinTech.
