Malaysia

While Grab did not disclose the financials of the transaction in the filing, the deal is said to be worth between MYR1.5 billion ($354 million) and MYR1.8 billion ($425.42 million), local media reported, quoting sources.

The drone tech firm currently is also in the midst of raising a bridge round ahead of its Series C funding round next year.

Navis Capital Partners (Navis) announced the sale of its entire interest in Pinnacle Inspection Ltd (QIMA). Caisse de dépôt et placement du Québec (CDPQ) , is the new equity investor for QIMA alongside the founder, Sebastien Breteau, and his senior management team.

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…

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.

Malaysia’s Sunway University, through its innovation arm, Sunway Innovation Labs (Sunway iLabs), and Malaysia-based integrated car e-commerce platform Carsome, have forged a strategic partnership which includes the setting up of a data innovation lab in Sunway University. To be launched by the end of January 2022, the data innovation lab aims to…

The discussions in this panel focused on how Malaysian businesses are innovating and finding new ways not only to survive the pandemic but also to become more enduring as they continue to battle the coronavirus threat and anticipate other serious problems that can trample the Malaysian economy once more.

The two VC Funds will provide equity funding to startups with strong growth potential in Malaysia and other Southeast Asian markets, focusing on verticals such as Artificial Intelligence, Fintech, Healthtech, Greentech, Industrialtech, Internet of Things and EdTech.

ReSkills EdTech has recently secured a $1.5 million investment from a group of private angel investors led by JSF Platinum to boost growth plans and stabilize its expansion, especially in the Southeast Asian region.

Orbit Malaysia will actively invest in Series A, industry-leading companies operating in the FinTech, AgriTech, eCommerce, EdTech and HealthTech sectors, and will invest not only in Malaysian startups, but also significantly in other high-growth Southeast Asian startups.