Asia

Paywatch has raised MYR21.9 million ($5.23 million) in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. SparkLabs, Won & Partners and CTK Investments also participated in this round. Operating in South Korea, Malaysia and Hong Kong, the company plans to use the fresh funds to…

MeMed announced Monday a $93 million private financing round, bringing total funding in the company to over $200 million, including support from the U.S. Department of Defense and EU Commission. The funds will be used to scale up manufacturing, accelerate commercialization and expand MeMed’s pioneering host immune response product portfolio, The latest…

Dunzo has raised $240 million in its latest round of funding led by Reliance Retail Ventures Limited. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also joined the round. The capital will be used to further Dunzo’s vision to be the largest quick commerce business in the country, enabling instant delivery of essentials from a network…

J&T Express has official launhced its express network in the United Arab Emirates (UAE) and Saudi Arabia. The two countries are the first markets to be covered by the firm in the Middle East, and the latest expansion brings the firm's global network coverage to a total of ten countries.

Zoomcar has launched Zoomcar Host - the Philippines’ first ever car sharing marketplace, allowing vehicle owners to generate income by sharing their car on the Zoomcar platform. With Zoomcar Host, Filipinos can rent out their vehicles from a six-hour to six-month periods and generate additional income when not in use.

The Sandbox has added multiple Hong Kong partners from the film, music, entertainment, acting, professional services, finance, real estate, and gaming sectors to create Mega City, a new cultural hub. Partners who acquired LAND to build Mega City in The Sandbox’s metaverse include Hong Kong tycoon Adrian Cheng, alternative investing leader Sun Hung Kai &…

Living Food announced the successful closing of a $7.5 million Series A fundraise led by Amasia.Other participating investors included SOSV, Blume Founders Fund, and notable angels including Xander Group founder Sid Yog and Nexus Venture Partners Co-Founder Sandeep Singhal, The company plans to expand to Mumbai in early 2022 and expects further domestic…

Taiwanese pop star Jay Chou has recently released an non fungible token (NFT) series called Phantabear, which is currently among the top four most sold NFT series on Opensea. Over 10,000 NFTs, each costing more than 1,000 USD, were sold in less than five minutes, banking them over $10 million and breaking the record for the fastest selling NFT in the world…

Healthwire, has closed $3.3 million in funding. The round drew participation from 47 Ventures, Habib Bank Limited, Dilsons Private Limited and angel investors from Silicon Valley. The startup intends to use the funding to further fuel its growth and become the healthcare super app of Pakistan.

The Sandbox, a subsidiary of Animoca Brands, announced Friday that PwC Hong Kong has acquired a land site in The Sandbox metaverse. PwC Hong Kong thus becomes the first member of an internationally recognised professional services network, and the first member firm of the PwC global network, to publicly enter The Sandbox.