Asia

Param Labs, a gaming infrastructure startup based in the United Arab Emirates, has secured a strategic investment from Animoca Brands, a Hong Kong-based company advancing digital property rights for gaming and the open metaverse.

SPORTPASS, a subsidiary of Hong Kong-based gaming firm Animoca Brands, has on Wednesday announced a collaboration with Queens Park Rangers Football Club (QPR), marking the beginning of a new era in fan interaction and entertainment by bringing together the passion of football fandom with the innovative features of SPORTPASS.

Perfios, an India-based business to business (B28) software as a service (SaaS) fintech company, announced Wednesday that Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan Board (Ontario Teachers), will invest $80 million into the company.

Kaskade finance, a gamified incentivization layer protocol based in Dubai, has just announced the closure of its pre-seed funding round from over 40 investors.

Sugar.fit, an India-based health-tech startup, has secured an extra $5 million in Series A funding, bringing its total Series A funding to $16 million. B Capital led the recent funding, with previous participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.Fit.

Singapore headquartered digital behavior aggregator SQREEM Technologies has acquired Melbourne-founded programmatic business Trade Indy, as part of their ongoing global expansion plans.

94 percent of ASEAN+ Chief Investment Officers deem artificial intelligence (AI) critical for business in 2024, but only 11 percent invest in generative AI (GenAI), Lenovo study showed Tuesday.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Monday announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the Kingdom of Saudi Arabia (KSA).

Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.

Telkomsel, a digital ecosystem enabler through Telkomsel Ventures, has on Thursday announced a partnership to launch startup accelerator program TINC Batch #9 in collaboration with AppWorks, a Taiwan-based startup community. The program aims to develop innovative startups to provide digital solutions across various sectors in Indonesia.