On location
Brazil’s Votorantim and Singapore’s Temasek launch new $700M fund to invest in Brazil
Brazil-based investment firm Votorantim and Singapore state investor Temasek announced Wednesday a strategic partnership to explore new investment opportunities in growth capital in various sectors of the Brazilian economy. By the terms of the agreement, Votorantim and Temasek will be partners in a new investment fund, in which both parties have committed…
CleverTap raises $105M in Series D funding round led by CDPQ
CleverTap, an India-founded business to business (B2B) software as a service (SaaS) platform for customer engagement and retention, announced Wednesday it has signed definitive agreements to raise $105 million in a Series D funding round led by CDPQ, a global investment group who committed $75 million in the funding.
Xpdite Capital Partners scouts opportunities in Southeast Asia with a focus on seed stage startups [Q&A]
In the interview, Lomnitz shared the challenges Xpdite faces when it invests in seed-stage startups and how they manage risks. He also shared his views on the startup ecosystem in Southeast Asia and gave several suggestions for the tech ecosystem to improve.
Singapore’s Thunes expands into Saudi Arabia
Thunes, a Singapore-based cross-border payments company, announced Wednesday that it is accelerating the expansion of its services in the Middle East and North Africa (MENA) region, setting up an office in the Kingdom of Saudi Arabia, and appointing a new country head – Ahmad Yaacoub.
Google Cloud to bring its first cloud regions to Malaysia, New Zealand, and Thailand
Google Cloud on Wednesday announced its plans to bring three new Google Cloud regions to Malaysia, Thailand, and New Zealand, to meet growing demand for cloud services in Asia Pacific. The three regions will join six other previously announced Google Cloud regions, namely Berlin, Dammam, Doha, Mexico, Tel Aviv, and Turin.
Vietnam’s Society Pass acquires Thai media firm Thoughtful Media Group
Vietnam-based loyalty and ecommerce firm Society Pass Inc (SoPa), on Wednesday announced the acquisition of Thoughtful Media Group (TMG), a social commerce-focused, premium digital video MPN headquartered in Thailand with an operating presence in the US, Vietnam, and Philippines. The acquisition of TMG marks SoPa's first foray into Thailand and adds to…
Grab Philippines acquires motorcycle taxi firm MOVE IT
Grab Philippines has announced that it has acquired motorcycle taxi firm MOVE IT’s business operations. Backed by Grab and MOVE IT’s shared commitment towards safe and reliable mobility services for everyday Filipino commuters, Grab Philippines will help MOVE IT further scale its existing motorcycle taxi fleet and improve the efficiency of its platform.
Malaysia’s Vynn Capital shares research insights on Southeast Asia cross-border commerce landscape
Southeast Asia, in general, sees more consumers purchasing cross-border goods as digital platforms become more mainstream. This trend has attracted more investment dollars into the supply chain industry, due to the integral role of technology in scaling logistics infrastructure to support growing consumer and SME demand.
