Malaysia

Growth stage accelerator ScaleUp Malaysia said Thursday it will invest a total of $1 million in ten startups in its 2022 Cohort which will officially start in the fourth quarter of 2022. It has increased its investment in its startups to $100,000 per company, making it one of the largest cheque sizes from an accelerator in Southeast Asia.

Southeast Asian super app Grab said Thursday it has officially launched Grab Intercity, giving users the ability to conveniently purchase affordable bus and ferry tickets between Malaysia and Singapore right on the Grab app.

China's Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Malaysia's Zetrix have jointly announced the introduction of blockchain-based identifiers (BID) / verifiable credentials (VC) and blockchain-based E-signing services to international markets.

“Gojek is not currently available in Malaysia and we have no current plans to enter the market,” a Gojek spokesperson told TechNode Global in an email.

Carsome, which is also Malaysia's first tech unicorn, has halted work on the planned offerings that were set for this year, the people reportedly said. Carsome may revive the first-time share sales next year if markets improve, they added.

Malaysian ethical investment and social finance platform operator Ethis Group, has on Thursday launched EthisX as part of its global expansion plan, continues to trail blaze by collaborating with pan-Asian venture capital firm, Gobi Partners, to structure and set up a $20 million Shariah-compliant seed fund.

Through this collaboration, the innovations developed by start-up company, Sunway iLabs Super Accelerator, could be channeled to NTIS for testing in an actual urban setting developed by Sunway and for monitoring and sponsorship before taking the technological solutions to the market and implemented across the nation.

Malaysian digital health service provider Naluri Pte Ltd (Naluri) announced Tuesday it has secured a $7 million pre-series B funding round led by Pruksa Group, Thailand’s leading real estate development group. The round is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors,…

Capital A Bhd, which owns Malaysia's budget airline AirAsia, said Thursday listing in the United States market would be attractive given the liquidity and the diverse investor reach that it can provide.

The airasia Super App announced Friday a brand new feature, the airasia pocket which is a closed-loop electronic wallet (e-wallet) within the super app that enables users to reload and make payments for all the products and services on the app while being rewarded at the same time.