SEA
Singapore’s used car platform Carro buys 50% stake in Indonesian rental firm MPMRent – report
MPMRent is one of Indonesia's leading car rental firms with a fleet of more than 13,000 cars and provides financing services.
Vietnam’s Society Pass acquires Singapore blockchain/Web3 mobile virtual network operator Gorilla Networks
Society Pass Incorporated (SoPa), Vietnam-based data driven loyalty and ecommerce ecosystem, announced Monday that it has acquired Singapore-based Gorilla Networks Pte Ltd (Gorilla), a next generation Web3-enabled mobile virtual network operator (MVNO). SoPa said it will incorporate Gorilla Networks’ proprietary blockchain/Web3 technology onto the rest of…
Indonesia’s GoTo expands its sustainability commitments
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Friday that it has expanded its ‘Three Zeros’ commitments (Zero Emissions, Zero Waste, Zero Barriers) across its ecosystem, forming a consolidated approach and strategy for the company, united behind common sustainability goals.
Indonesia’s Traveloka nears $200M funding after SPAC talks – report
Traveloka had been valued at $3 billion, according to CB Insights, but Bloomberg reported in 2020 that it was seeking funds at a lower valuation.
Applications are now open for TiE SEA Women’s Pitch Competition 2022
Shortlisted candidates will be judged by a panel of regional VC’s, entrepreneurs, ecosystem leaders and tech corporate executives, and will also get networking opportunities with regional and international VC’s. The top winner of the Southeast Asia start-up founders will be flown to Dubai by TiE for the global finale.
Malaysia’s home services platform Kaodim to cease operations next month
The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.
Thai startup ZTRUS aims to double revenue as it expands in home country & regionally
ZTRUS hopes to scale in Thailand within two years and shall explore some clients in Southeast Asia.
Airasia Super App launches e-hailing service in Thailand
The Airasia Super App, which was officially launched in Thailand earlier in February announced Tuesday the start of operations for its e-hailing service, Airasia Ride in Bangkok. Thailand becomes the second country for Airasia Ride’s ASEAN expansion, and will offer taxi rides as part of its first phase of entry into the market.
GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53 percent year on year to Rp5.2 trillion ($357.38 million), representing an improvement in take rate from 3.5 percent to 3.7 percent due to better monetization in e-commerce and…
Renewable energy rises to the occasion as oil & gas prices spike
Some of the venture capital firms have already started scouting opportunities to invest in renewable energy startups in the region.
