SEA
Singapore-based Funding Societies raises $18M in debt, on track to raise $120M
It is on track to raise $120 million in institutional debt for funding the growth needs of MSMEs in Southeast Asia.
Atome partners Softbank-backed travel tech firm Klook to expand BNPL services
The partnership will start in Singapore before rolling out to Hong Kong, Malaysia, and the Philippines in the coming months.
Malaysia-based telemedicine firm DOC2US expands to Myanmar
DOC2US is also actively talking to other partners in neighbouring countries such as Cambodia, Laos and Vietnam to improve the accessibility to healthcare in those countries.
Mekong Capital invests $15M into Vietnam-based genetic testing firm Gene Solutions
Gene Solutions is the sixth investee company announced by Mekong Enterprise Fund IV.
RHL Ventures’ Hibiscus Fund targets final close of up to $100M, eyes opportunities in food, healthcare & mobility sectors
The Hibiscus Fund is targeting a final close at $80 million to $100 million.
Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round
The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.
Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report
Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.
Indonesia e-commerce firm Ula bags $87M Series B, ropes in Amazon’s Jeff Bezos as investor
The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.
SoftBank-backed Indian hotel aggregator OYO files draft papers for $1.14B IPO
The hotel aggregator's IPO plan also comes at a time when travel restrictions are being eased in many countries and the tourism sector is expected to rebound.
SBI, Sygnym, Azimut launch $75M digital asset-focused VC fund in Singapore
The fund aims to back digital asset companies across Europe and Southeast Asia, focusing on companies developing distributed ledger technology infrastructure, decentralized finance solutions, and regulatory technology tools.
