Investments

1982 Ventures announced the initial close of its first seed stage venture fund with $12.5 million in committed capital. The fund which is targeting to raise a total corpus of $15 million, is looking to invest in a total of 30 start-ups primarily in the fintech sector across Southeast Asia. Its first fund has been backed by US fintech unicorn Carta, Asia’s…

Juspay has announced $60 million in Series C funding led by SoftBank Vision Fund 2 with participation from existing investors VEF and Wellington Management.

Erick said Indonesia has the potential to create more unicorns, 25 in his estimation.

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 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…

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.

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 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…

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.

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…