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Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
Malaysia’s gig workers employment platform Troopers bags close to $1M in Series A round
The investment will be used for technology development, marketing, and working capital to further expand its business In Malaysia.
Malaysia’s Islamic crowdfunding platform Ethis Group raises $1.7M in pre-Series A round
This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.
ScaleUp Malaysia inks memorandum of cooperation with Technology Park Malaysia in strategic public-private partnership
The partnership between TPM and ScaleUp Malaysia will provide startups better access to government resources that include labs, infrastructure, and other facilities, as well as regulatory facilitation to advance innovation.
Singapore’s F&B startup Chope & Alipay forms strategic partnership
Through this strategic partnership, Alipay will provide Chope with its mini program Software-as-a-Service (SaaS) and know-how, while Chope becomes Alipay's platform partner with the capability to integrate a variety of mini programs quickly and flexibly.
Vietnam HealthTech startup Medici secures insurance broker license, will integrate health & life insurance services
With this highly competitive license, Medici can distribute a large variety of health and life insurance products on their platform, support customers with claims management, and co-develop insurance products leveraging the data and insights collected through existing services.
Petronas Future Tech 2.0 welcomes 20 Malaysian deep tech startups including drone tech firm Aerodyne
Petronas’ collaboration with TM and SDP aims to provide homegrown startups with opportunities to gain insights from industry experts that will help them discover, nurture and scale deep technology innovations in the country.
Alibaba’s Lazada rebrands logistics arm, introduces multi-channel logistics services
Along with the rebranding, Lazada Logistics is also introducing multi-channel logistics (MCL) services, which provide a single stock fulfillment solution to help e-commerce enablers and brands fulfill across all e-commerce channels seamlessly.
MDEC launches Global Technology Grant to nurture global tech champions
The grant provides up to 2 million ringgit funding for eligible technology companies and technology accelerators.
Singapore’s cloud workflow startup Tessaract raises $3.3M in Wavemaker Partners-led Pre-Series A funding round
The round also includes CMIA Capital Partners, M Venture Partners, as well as angels, Anand Swaminathan and Doug Parker.
