SEA
Indonesian culinary multi-brand firm Hangry eyes up to 100 outlets in 2022 while hunting for M&A targets
The company’s expansion will focus on Indonesia first before starting to expand regionally in 2024.
Singapore’s Oddle raises $5M in Pre-Series B funding
Funds from this bridge round will power product development and regional market expansion in Singapore, Malaysia, Taiwan and Hong Kong.
Japan’s SBI, South Korea’s Kyobo & NTU Singapore to raise $75M venture fund
The fund aims to accelerate digital transformation in Southeast Asia and South Asia through the combined operational expertise, regional go-to-market connections and extensive industry network across the three general partners.
Singapore’s Jungle Ventures closes a $600 million fund, AUM crosses $1B
This brings their total Assets Under Management (AUM) to over $1 billion.
Zipmex invests in Thailand’s Fintech firm Forward
The investment, made by Zipmex Labs, a unit under Zipmex Group, is part of a series of investments aimed at promoting and supporting blockchain projects and entrepreneurs looking to transform the crypto ecosystem through innovative business ideas, Zipmex said.
Malaysian Prime Minister too, tries to court Tesla to invest in the country – report
Neighbouring Indonesia has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans. Indonesian President Joko Widodo is planning to meet Tesla Founder and Chief Executive Officer Elon Musk.
Grab announces three ESG goals for sustainable and inclusive growth
Grab, the Singapore-based superapp, announced Thursday three goals to drive sustainable and inclusive growth in Southeast Asia. The new goals are doubling the number of marginalised individuals earning income on its platform by 2025; reaching 40 percent female leadership by 2030, and achieving carbon neutrality by 2040.
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
The K-Startup Grand Challenge 2022 opens its doors to Southeast Asia, Australia & New Zealand
Applications opened on Apr 15, 2022 and will close on May 31, 2022 for startups keen on the opportunity to work and build a strong foundation in South Korea.
