Investments
Indonesia to launch Merah Putih Fund worth $200M to support local ‘soonicorns’ – report
Erick said Indonesia has the potential to create more unicorns, 25 in his estimation.
Hong Kong venture accelerator Brinc closes $130M funding led by Animoca Brands
Brinc announced the closing of its $30 million Series B fundraise and a further $100 million for startup investments, led by Hong Kong unicorn Animoca Brands. The new capital will fuel Brinc’s global platform expansion across new locations and verticals – allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal…
Zoomcar launches operations in the Philippines, plans to invest $25 million over next 12 months
Zoomcar announced its launch of operations in the Philippines. The company plans to invest $25 million across the Philippines in the next 12 months to fuel its expansion in the country. In its recent push into the Southeast Asia region, the company appointed Gene Angelo Ferrer as its country head in the Philippines to help scale their business. The company…
Indonesia’s Lemonilo raises $36M Series C funding from Sofina and Sequoia Capital India
Lemonilo, an Indonesian healthy lifestyle consumer goods company, has raised a US$36 million Series C funding led by Sofina. Sequoia Capital India, Lemonilo’s current investor, also participated in the round. Through this funding, Lemonilo plans to strengthen its current business and expand to international markets, the company said in a statement.
Philippine gaming firm AcadArena raises $3.5M seed round from 1KX, Hashed and others
AcadArena has recently secured $3.5 million in funding led by token fund 1KX, Korean blockchain venture capital firm Hashed, and others. Over 50 investors from prominent businesses across the world participated in the seed round, whose funds are meant to hire more manpower, acquire more play-to-earn assets, product development, strategic partnerships, and…
Vietnam retail platform The Crown X raises $350M led by Temasek, TPG and ADIA
Vietnam conglomerate Masan Group Corporation announced Monday the signing of a $350 million primary investment in its retail unit The CrownX Corporation by a consortium of investors, including TPG, Platinum Orchid, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), and SeaTown Master Fund, managed by a wholly owned indirect subsidiary of…
Australia’s Finder secures first external equity of $21.5M to accelerate global growth
Finder has secured its first external funding of A$30 million ($21.52 million) since its inception in 2006. The specialist technology growth investor Future Now Capital has committed the fund which kicks off the capital raise process for Finder after 15 years of being bootstrapped.
Vietnam’s Vingroup starts construction on $173.7M EV battery manufacturing factory
Vingroup has started the construction of the $173.7 million electric vehicle (EV) battery manufacturing factory in Vietnam. The VinES Battery Manufacturing Factory which is located in the Vung Ang Economic Zone (Ha Tinh), is being developed on 8 hectares in its initial phase. The establishment of this factory represents an important milestone in its EV…
Pakistan e-commerce builder Brandverse raises “multimillion-dollar” seed funding
Brandverse has successfully raised an undisclosed multi-million dollar amount to launch its Chikoo app. The seed round was led by the JS Group and observed follow-on participation from seed investors, regional family offices and operator angels. With this round, Brandverse will further strengthen its Chikoo app which enables both offline, hyper-local, and…
Singapore live commerce enabler Upmesh raises $7.5M Pre-Series A funding led by Monk’s Hill Ventures
Upmesh has raised a new round of Pre-Series A funding of $7.5 million led by Monk's Hill Ventures. The new round of funding will be used to expand Upmesh’s regional presence in Southeast Asia and launch new products including a mobile version of its product. The company also plans to launch more backend automation features including logistics automation.
