SEA

Priorities will be given to Internet of Things (IoT), Advanced Manufacturing, Consumer Digital, EdTech, Health Tech, Clean Tech companies.

Carsome has on Tuesday launched the so-called Carsome Certified Lab in Malaysia, which claimed to be Southeast Asia’s largest car refurbishment facility.

Zilingo will be joining a number of companies in Southeast Asia raising funds.

Funding Societies has raised $144 million in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2. Other new investors included Vietnamese tech giant VNG Corporation, Rapyd Ventures, Asia-based global investor EDBI, Indies Capital, K3 Ventures, and Ascend Vietnam Ventures.

Society Pass Incorporated (SoPa) has acquired Pushkart.ph, an online grocery delivery service in Philippines. The move kicks-off SoPa’s expansion into the Philippines market. Leveraging on SoPa’s capital, Pushkart.ph will focus on dramatically increasing on-demand grocery shopping services to more consumers and more retailers initially to Metro Manila and…

Altara Ventures announced Thursday the successful final closing of its inaugural fund, reaching a total of $130 million, with support from institutional funds, sovereign wealth funds, financial services institutions, publicly listed corporations and prominent family offices. The firm has made seven investments to date and will continue to actively deploy…

Malaysia’s move to issue digital banking licenses comes at a time when regulators across Asia including Singapore, Hong Kong, and the Philippines are opening up the banking industry to digital players, encouraged by higher smartphone penetration and better internet connections.

Fave has appointed former Touch 'n Go (TNG) executive Arvindd Selvaratnam as its Regional Chief Product Officer (CPO). Arvindd will be overseeing the company’s regional product roadmap and strategic planning, and will be leveraging various emerging opportunities for Fave in their next phase of growth. As CPO, Arvindd will also be leading product design and…