Investments
PayPal to acquire Japan BNPL unicorn Paidy for $2.7B
The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.
‘Indonesia-only’ VC firm Intudo Ventures closes $115M Fund III
Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.
Singapore e-commerce startup Rainforest raises $20M pre-Series A funding round led by Monk’s Hill Ventures
Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.
Pakistan logistics startup Truck It In extends pre-seed round to $4.5M
The extended round was again led by Global Founders Capital and Fatima Gobi Ventures. They have been joined by early-stage technology investment firm Picus Capital and Zayn Capital.
Global SWF: Temasek becomes Singapore ‘super-incubator’ with a suite of in-house startups
Global SWF takes a closer look into Temasek's in-house startups.
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.
Vietnam healthcare marketplace Thuocsi.vn raises $9M in Series A funding round led by Smilegate Investment
The fresh funds will be used to grow its distribution network both in Vietnam and in other parts of Southeast Asia.
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.
NZ student wellbeing platform Komodo raises $1.28M Seed round to focus on ensuring mental wellbeing amid the pandemic
Komodo is a wrap-around software solution that leverages data and insights gleaned from psychologist-built surveys to help schools identify at-risk students and mitigate the impact of common issues such as harassment, cyberbullying, and depression at the onset, before developing into crises.
Indonesia’s Ayoconnect raises $10M in Pre-Series B funding round
Pre-Series B funding allows Ayoconnect to continue to focus on growth, recruitment, and product development - particularly in building the API economy in Indonesia with full-stack API solutions.
