Singapore

NCS, the information technology (IT) and communications engineering arm of Singtel, announced Monday it has acquired Australia’s largest privately-owned IT services company The Dialog Group (Dialog) for A$325 million ($241 million). The acquisition of Dialog is geared to unlock new growth opportunities in the Australian market and accelerate NCS’…

Transport Capital has launched its new venture capital arm named TC Ventures. TC Ventures will focus on startups offering compelling solutions for transportation’s two mega challenges: decarbonisation and digitalisation. It not only provides capital but makes a deep understanding of - and contact network in - maritime and aviation available to its investee…

Grab posted a loss of $1.1 billion in the fourth quarter 2011, as its revenue tumbled 44 percent year on year on heavy incentive spending. The revenue drop was due to the company preemptively invested to grow driver supply to support strong recovery in mobility demand. Consumer incentives for mobility and deliveries also increased as Grab invested in its…

Docsumo has raised $3.5 million in seed capital led by Common Ocean. The round also saw the participation from Fifth Wall, Arbor Realty Trust, and existing investor Better Capital. The startup plans to utilize the fresh funds to expand its client base in the North American market and grow the team.

Umami Meats has secured pre-seed funding of $2.4 million.The pre-seed funding round was co-led by Better Bite Ventures and Genedant. Further participants in the round include CULT Food Science, Impact Venture, Katapult Ocean, Plug and Play Ventures, Prithvi Ventures, The Yield Lab Asia Pacific, and Venture for America.

Funding Societies has launched Elevate, a virtual card solution for micro, small and medium enterprises (MSMEs) in Singapore. The card is available on a credit line on the FinTech platform’s website and mobile app, and entitles qualified MSMEs to interest free credit for a period of up to 55 days.

France was one of the most significant new markets for Sea, which has been embarking on an aggressive international push last year to drive growth beyond Southeast Asia.

Cococart has secured $4.2 million in seed funding to expand its growth internationally. The new capital was raised from Forerunner Ventures and Sequoia Capital, with participation from Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit Chief Executive Officer James Park, Curated Chief Executive Officer Eduardo Vivas, and other strategic…

PropertyGuru Group said Monday its total revenue increased by 22.7 percentto S$100.7 million ($74.36 million) from S$82.1 million ($60.63 million), reflecting rising confidence in the property market .This is also 3.3 percent better than the group’s 2021 forecast of S$97.5 million ($72 million).

Volopay has successfully raised $29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial Capital, fintech veteran and angel investor Jeffrey Cruttenden (Chief Executive Officer of Acorns) along with Access Ventures, Antler Global, and…