Latest news and trends about tech
Singapore FoodTech firm Easy Eat raises $5M funding, eyes SEA expansion
The funding round came as Malaysia is in a so-called "full lockdown" with traveling restrictions to contain the ongoing COVID-19 pandemic. Restaurants and eateries are allowed to operate but no dine-ins are allowed and they are required to follow standard operating procedures set by the government.
Vietnam’s Kamereo bags $4.6M in Series A funding co-led by CPF Group, Quest Ventures, Genesia Ventures
Besides increasing the company’s manpower, the new funding will be used to bring Kamereo to Hanoi next year, to build a new warehouse management system, among others.
Malaysia online baby store Babydash raises $300K bridge round via equity crowdfunding
Babydash is now doubling down on key targeted activities to aggressively expand its customer and product base. The company aims to drive up revenue per transaction while expanding its footprint in ASEAN targeting to double the size of the company in the next 12 to 18 months.
Malaysia PE firm Creador eyes tech sectors after raising $500M for first close of 5th fund
The development comes at a time when more global PE firms are looking for investment opportunities in the tech sector in Southeast Asia.
Digital transformation has accelerated the warung ecosystem in Indonesia, says Warung Pintar’s Agung Bezharie Hadinegoro [Q&A]
Agung discusses how the pandemic accelerated digital transformation in Indonesia, and how MSMEs–or warungs in particular–are able to benefit with the aim to “accelerate Indonesia’s growth in the midst of a post-pandemic economic boom by empowering micro-retail businesses.”
EU-funded Ontochain calls for internet innovators to co-develop software ecosystem
A total budget of 1.32 million euros is available to support the best proposals.
VC industry benefits from having diverse perspectives, says Amra Naidoo of Accelerating Asia [ORIGIN Innovation Awards Q&A]
In the TechNode Global Q&A, Amra Naidoo shared her story of how she started the early stage VC firm Accelerating Asia and her journey working in the male-dominated VC industry. She also shared the challenges she met working with startups and how Accelerating Asia is positioning itself to tap into opportunities that are overlooked by others.
For these three Vietnamese startups, COVID-19 is an opportunity amid the crisis
In face of adversity, that’s when the DNA of entrepreneurs comes into play. And the resurgence of COVID-19 is another opportunity for entrepreneurs to display their grit, tenacity, and flexibility to adapt to an evolving situation. For some high-potential Vietnamese startups, this is not the time to stand still and just plan for survival.
Mom-focused e-commerce platform Edamama raises $5M pre-Series A for automation, logistics & product development
The company was established amid the pandemic by its founder Bela Gupta D’Souza, who saw the pain points of mothers as consumers when purchasing online. She said that it is common for mothers to spend many hours in search of the best products for their children only to end up with inferior quality products from untrusted sources.
Robo-advisor & wealth management platform Syfe raises $30M Series B for product development & Asia expansion
The funds raised will be used to expand into new markets in Asia, invest in top talent and develop more high-quality investment products and services. Syfe has also pledged that everyone in the firm will become a shareholder, allowing all employees to benefit from future growth in the company.
