Latest news and trends about tech
Axiata plans to launch digital bank by year-end – report
Malaysia-based telco Axiata Group Bhd plans to launch its digital bank by end-2023 and targets to make it profitable over the next three to four years
Bossjob attracts 2.9 million users in the Philippines, secures $5m funding to boost globalization efforts
Bossjob, an online job search platform in the Philippines, has secured $5 million funding to boost globalization efforts. The company is venturing into Singapore and Indonesian markets this month, with the Hong Kong market in plan for the third quarter of 2023.
Singapore-based DTC bespoke jeweler MADLY raises new funding from East Ventures
MADLY, Singapore’s direct to consumer (DTC) jewelry design house, has on Thursday announced an investment received from the regional venture capital firm East Ventures. With the support of the funds jewelry brand said it is poised to accelerate its international expansion.
Government-backed startup Studio Indonesia Alumni raises $65.8M in funding
Startup Studio Indonesia (SSI), a startup accelerator program backed by the Indonesian government, has on Friday announced that its alumni have collectively secured funding worth $65.8 million.
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
Indonesia’s Evermos raises $39M funding led by IFC to fuel business expansion
Evermos, an Indonesia-based social commerce platform, has successfully raised $39 million in its Series C funding round. The funding is led by the International Finance Corporation (IFC) — a member of the World Bank group — and IFC Emerging Asia Fund, LP, managed by IFC Asset Management Company.
VinFast partners with BCA Europe to deploy trade-in solution across three European markets
Vietnamese automaker VinFast and United Kingdom-based used vehicle marketplace BCA Europe have announced a new three-year Pan-European agreement on trade-in activities. This new partnership will create a fully digital and in-store trade-in solution to provide European customers with a convenient, seamless experience in their transition to electrified…
Tech sector may be in ‘funding winter’ but AC Ventures sees opportunities in EV, circular economy & sustainable agriculture, says Managing Partner [Q&A]
In the interview, Helen Wong also shared her views on the overall investment sentiment in Indonesia and gave updates on the deployment of its funds, among others.
Indonesia’s eFishery earns unicorn tag after raising Series D round – report
It was reported that 42XFund contributed $100 million to the round, while SoftBank Vision Fund II chipped in nearly $5 million, according to eFishery’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Southeast Asian private equity firm Northstar Group invested $3 million.
Sequoia-backed Circles forms joint venture with Middle East telco firm e& for digital services
Sequoia-backed Circles has on Thursday announced that it has entered into a strategic partnership with Abu Dhabi-headquartered telco firm telco firm e& international for digital services across its operating markets and beyond.
