SEA
Hong Kong’s Pickupp expands Malaysian footprint with first regional hub in Penang
The announcement follows its parent company, Pickupp Ltd’s recent $15 million Series A and Series A+ financing.
Singapore caregiving platform Homage raises $20M Series C round led by Sheares Healthcare Group
The oversubscribed round makes it one of the largest financing rounds raised by an on-demand care platform in Southeast Asia and the Oceania region and brings Homage’s total funding to exceed $45 million.
Grab-Euromonitor report: Southeast Asia online food delivery spend to hit $28B in 2025
Growth is expected to be fastest in emerging markets such as Myanmar, Vietnam and the Philippines, with the total regional online food delivery Gross Merchandise Value (GMV) to more than triple from $9 billion in 2020 to $28 billion in 2025.
Vietnam merchant platform KiotViet raises $45M in Series B funding round led by KKR
KKR is making its investment in KiotViet from its Asian private equity fund.
Airwallex secures money services business license in Malaysia, now positioned for growth in Southeast Asia
From early next year, businesses in Malaysia can enjoy "fast, transparent and cost-effective" international payments in multiple currencies, empowering them to operate and grow globally.
Singapore’s Accelerating Asia launches $20M Fund II
The targeted $20 million fund already has around 50 percent in soft commitments from existing investors and partners.
Facebook, Bain & Co Report: Southeast Asia’s digital consumer population to reach 380M by 2026
Since the start of the pandemic, 70 million people have become digital consumers. Nearly half of them, or around 30 million people, became digital consumers from 2020 to 2021 alone. By 2026, Southeast Asia’s digital consumer population is expected to reach around 380 million.
Singapore’s Zipmex bags over $41M in Series B funding round
Bank of Ayudhya’s corporate venture capital arm, Krungsi Finnovate, has joined as an investor. Plan B Media Public Company Ltd and Master Ad Public Company Ltd have also announced their commitment to the company in the Series B fundraising.
Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
Singapore’s F&B startup Chope & Alipay forms strategic partnership
Through this strategic partnership, Alipay will provide Chope with its mini program Software-as-a-Service (SaaS) and know-how, while Chope becomes Alipay's platform partner with the capability to integrate a variety of mini programs quickly and flexibly.
