Investments

Bill Gates says crypto, NFTs are “based on greater-fool” theory – report

Bitcoin plunged more than 15 percent on Monday and another 5.4 percent on Tuesday, part of a broader crypto sell-off fuelled by higher-than-forecast US inflation and the halt of withdrawals by lending platform Celsius, according to Bloomberg.

Indonesia’s Flip raises $55M in second Series B round led by Tencent

Flip, an Indonesia-based consumer payments platform, announced Tuesday a second close of a Series B funding round led by Tencent, with participation from Block, Inc. (formerly Square, Inc.) and existing investor Insight Partners.

VEON Ventures makes $15M Series A investment in Pakistan B2B marketplace Dastgyr

VEON Ltd., a global digital operator that provides mobile connectivity and services, announced Tuesday that the group's VEON Ventures division has completed a $15 million investment as part of a Series A round for Dastgyr, a Pakistan-based business to business (B2B) e-commerce marketplace platform. This investment will contribute towards boosting Pakistan's…

Korea’s CNAI raises $4.1M from Centauri Fund and IMM Investment

Korea-based artificial intelligence (AI) enablement company CNAI announced on Monday that it has raised a $4.1 million pre-series A funding round co-led by Centauri Fund and IMM Investment.

Singapore’s Mighty Jaxx acquires Kinetiquettes and PLAYe to expand pop culture footprint globally

Mighty Jaxx, a Singapore-based integrated future culture platform that designs and produces digital and phygital collectibles, announced Monday the multi-million-dollar acquisitions of local companies Kinetiquettes, a high-end statue collectible company, and PLAYe, a specialised DTC platform of consoles, video games, collectibles, and action figures.

Vietnamese PropTech startup Houze raises $2M funding led by DKRA Group

Houze, a Vietnam-based PropTech startup that offers a fully integrated real estate ecosystem for agents and customers through its offline-to-online platform, said Monday it has raised a $2 million of funding led by DKRA Group, giving the company resources to continue expanding its services and growing its team to meet the demand in Vietnam and beyond.

Indonesia e-commerce logistic solutions startup Biteship secures Seed funding co-led by East Ventures and Beenext

Biteship, an Indonesia-based e-commerce logistic solution startup with a focus on empowering small-medium enterprises (SMEs) and enterprises, announced on Friday that it has secured an undisclosed amount of seed funding co-led by East Ventures and Beenext.

Culinary startup Mangkokku raises $7M Series A funding from Alpha JWC Ventures & EMTEK

Indonesia-based culinary startup Mangkokku announced today its recently closed Series A funding of $7 million co-led by Alpha JWC Ventures and EMTEK, with participation from Cakra Ventures.

Request Finance raises $5.5M from Animoca Brands, Balderton, XAnge and Web3 Founders to simplify enterprise Crypto payments

Request Finance, the Web3 enterprise crypto payments startup, has closed a $5.5 million seed round with institutional backers including Animoca Brands, Europe early-stage venture capital investor Balderton Capital, and XAnge.

Carsome launches largest experience center in Malaysia

Southeast Asia’s largest integrated car e-commerce platform, Carsome, has elevated its hassle-free car buying experience with the launch of Carsome PJ Automall, its biggest experience center to-date in Malaysia and first that comes with electric vehicle charging stations.