Asia
Southeast Asia leads in digital economy growth at 15.8 percent for the next five years: report
Southeast Asia (SEA) is racing ahead among the region in digital economy, according to the latest report conducted by market intelligence firm IDC and commissioned by global payments platform 2C2P and Ant Group. According to the report, SEA leads in digital economy growth at 15.8 percent for the next five years, outpacing the United States (9.4 percent) and…
Australia’s Employment Hero raises $168M Series F funding for global expansion
Employment Hero, an Australia-based employment management platforms, has on Monday announced a Series F growth round of SGD 229 million ($168 million) to fuel its rapid global expansion. The funding follows the company’s 2022 Series E and takes the total amount of capital it has raised to over SGD 572 million ($419 million).
India’s Giga ML secures $3.6M in seed funding led by Nexus Venture Partners
Giga AI, Inc, an India-based company that provides large language models (LLMs), has raised $3.6 million in seed funding to further its goal of helping businesses safely implement on-premises deployments of large language models. Nexus Venture Partners led the investment round, with participation from Y Combinator, Liquid 2 Venture, and Y Combinator Chief…
Alipay+ partners LankaPay to enhance digital travel experience to and from Sri Lanka
Alipay+, the payment platform of China-based Ant Group, announced Monday that it has partnered LankaPay, Sri Lanka’s National Payment Network, to enhance digital travel experience to and from Sri Lanka. The duo have recently signed an memorandum of understanding (MoU) towards enhancing inbound and outbound travel experience through cross-border digital…
Peak XV’s Surge unveils ninth cohort
Peak XV’s rapid scale-up program Surge has on Monday launched its ninth cohort of early-stage startups featuring 32 inspiring founders across 13 startups. Surge’s curated community of startups now includes nine cohorts, 330+ founders and 140+ startups across 16+ sectors in less than five years.
Patrick Grove-backed Proptech firm Sidespace seeks $1.6M funding
Patrick Grove-backed Proptech firm Sidespace is seeking AUD $2.5 million ($1.6 million) to disrupt commercial real estate. The firm is seeking the capital infusion from new and existing investors to fund its path towards AUD 12 million ($7.56 million) in annual revenue by 2026.
US-based NVIDIA partners Taiwan’s Foxconn to build factories and systems for the AI industrial revolution
American multinational technology company NVIDIA has on Tuesday announced that it is collaborating with Taiwanese multinational electronics contract manufacturer Hon Hai Technology Group (Foxconn) to accelerate the artificial intelligence (AI) industrial revolution.
Australia’s Digital Classifieds Group acquires Lamudi Indonesia & Philippines
Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly confirmed acquisition of the Lamudi assets from the dubizzle Group (formerly EMPG). The deal follows DCG’s acquisition of the leading Bangladeshi portal, Bproperty, in January 2023 and propels the group to be Asia’s…
India’s BIVA Analytics raises $500,000 in funding led by Equanimity Ventures
BIVA Analytics, an India-based plug and play analytics platform, has on Monday announced the successful completion of its seed round funding, raising $500,000. This round was led by Equanimity Ventures, with participation from T-Hub, SucSeed Ventures, WarmUp Ventures and value-additive angels.
Australia’s Atlassian to acquire video messaging platform Loom for $975 million
Atlassian Corporation, a provider of team collaboration and productivity software based in Australia, will acquire video messaging platform Loom for approximately $975 million to supercharge team collaboration.
