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Malaysia cloud application platform Food Market Hub secures $8.5M in Series A round to boost Southeast Asia expansion
ood Market Hub it has raised $8.5 million in an extended Series A+ round to finance further expansion and expedite growth. The round was led by Southeast Asia-focused venture capital firm AC Ventures Malaysia. The funding will enable Food Market Hub to accelerate its expansion plans to Indonesia, penetrate deeper into the Malaysian market, and strengthen…
Malaysia’s George Kent inks MOU with MDEC to promote growth of Malaysia’s tech ecosystem
George Kent (Malaysia) Berhad has signed a Memorandum of Understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC) to collaborate and promote growth of the tech ecosystem in advancing Malaysia’s digital economy transformation as the company seeks new growth opportunities in the digital space.
Taiwan social commerce startup LinkBy raises $1.54M to expand partnerships across Asia
LinkBy has raised $1.54 million in an oversubscribed Series Pre-A funding round. Led by global venture capital firm Hive Ventures, the round also saw participation from 18 other investors including institutional/corporate investors such as Artesian Capital and Animoca Brands.
Singapore smart POS provider Qashier raises $4.7M to accelerate regional expansion
Qashier announced Thursday a $4.7 million fundraise from Exor Seeds, the technology-focused venture arm of Exor. The company will be expanding its presence in Malaysia following the fundraise, as entering other parts of the Southeast Asian market is next in line as part of the company’s growth plan.
B2B is the next frontier in e-commerce, says GudangAda’s JJ Ang [Q&A]
JJ Ang relates how the company has focused on the marketplace approach, priding itself in how trust has been at the core of relationships with its business users. He cites how this platform approach provides a way for businesses to achieve "higher sales volume, faster turnover, reduced operational cost, and lower prices."
Singapore eco-tourism firm Big Tiny raises $3M in Pre-Series A funding
Big Tiny has raised $3 million in pre-Series A funding, gives the business a valuation cap of $22.5 million. The round was led by a prominent businessman, Koh Boon Hwee, along with Phillip Private Equity, GPPC Capital Limited, and Ascend Angels. This latest funding will be used to build on Big Tiny’s momentum, fuelling further growth in Australia as well as…
AC Ventures raises over $205M for oversubscribed Fund III to invest in Indonesia’s next generation of technology leaders
AC Ventures has closed its Fund III with over $205 million in committed capital, bringing the firm’s total asset under management to over $380 million across its funds. The fund was oversubscribed and participated by renowned global and regional institutional investors, including the World Bank’s International Finance Corporation (IFC) and Disrupt AD, Abu…
India’s Zoomcar to start operations in Vietnam
Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia. This broader geographic expansion is in line with Zoomcar’s ultimate mission to democratize car access across the world’s largest, most populated, and fastest-growing emerging markets.
Grab to debut on NASDAQ after investors approve SPAC merger
Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.
India’s Slice turns unicorn after raising $220M led by Tiger Global and Insight Partners
Slice has raised $220 million in a Series B round that values the company at over $1 billion.The round was led by investors Tiger Global and Insight Partners. New and existing investors including Advent International’s Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i also participated in the round.
