Vietnamese investing app Infina closes $6M in seed funding from Sequoia India’s Surge, Y Combinator, Saison Capital and more
Vietnam-focused retail investing app Infina announced Tuesday that it has closed $6 million in seed funding from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks.
Additional investors who have backed Robinhood, Coinbase, and similar models in other markets also participated in the funding, Infina said in a statement.……
Japanese VC firm Genesia Ventures raises $90M in first close of third fund to invest in Japan, SE Asia
Japanese venture capital firm Genesia Ventures announced Monday the first close of its new fund, Genesia Venture Fund 3 Investment Limited Partnership, with a total amount of approximately $90 million.
Similar to the first and second funds, the third fund is focused on investments in pre-seed and seed stage startups in Japan and Southeast Asia (SEA), Genesia Ventures said in a statement.
It…
Indonesian quick commerce startup Bananas raises $1.5M seed funding led by East Ventures
Bananas, a quick commerce startup based in Indonesia, announced Monday that it has secured $1 million in seed funding led by East Ventures, with the participation from SMDV, ARISE, MDI Ventures and a few angel investors.
Bananas said in a statement that it has also been accepted into the prestigious YCombinator Winter 2022 batch that has a 2 percent acceptance rate among tech startups who…
Resilience, adaptability & speed to scale are essential in navigating today’s business challenges, says Quest Ventures’ James Tan [ORIGIN Innovation Awards Q&A]
In this quick TechNode Global Q&A with James Tan, Managing Partner at Quest Ventures, we gain some insights on trends driving innovation in the region, as well as a few example companies making an impact on sustainability, social commerce, and finance.
A winner of the Movers & Shakers - People's Choice VC award at the ORIGIN Innovation Awards, Quest Ventures is a top venture capital…
Indonesian open finance fintech Ayoconnect raises $15M led by Tiger Global
Indonesian open finance platform Ayoconnect said Monday it has closed a $15 million series B financing round led by Tiger Global.
The round was joined by PayU, the payments and fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid Co-Founder William Hockey and Jerry Ng, President Commissioner of Bank Jago, Ayoconnect said in a statement.…
AirAsia changes name to Capital A to reflect new core strategy
Malaysia's AirAsia Group Berhad has on Friday announced a name change for the group holding company to become Capital A Berhad, to reflect the group’s new core business strategy as an investment holding company with a portfolio of synergistic travel and lifestyle businesses, which have rapidly transformed the AirAsia brand into much more than just an airline.
Capital A said in a statement that…
VinFuture Sci-Tech Week: How artificial intelligence is the key to unlock the future of humanity
As part of VinFuture Sci-Tech Week, the VinFuture seminar featured discussions that envisioned the future of AI with Vietnam’s potential contributions to AI research and development.
The seminar was held in Hanoi on January 19, 2022 with the attendance of leading scientists. Notable participants include Dr. Padmanabhan Anandan - Founder of AI Matters Advisors LLC; Dr. Bui Hai Hung - VinAI…
Singaporean logistics firm Inteluck raises $15M Series B funding led by Creo Capital
Inteluck, a Singapore-based technology-driven logistics platform, said Wednesday it has raised $15 million in a Series B fundraising round led by Creo Capital, a Hong Kong-based investment firm under New World Group.
East Ventures and Headline Asia are among the investors in this round, Inteluck said in a statement.
Meanwhile, Favour Capital, a TMT boutique investment bank focused on China…
KKR leads series C round in Philippine B2B platform GrowSari with $45M investment
KKR, a global investment firm, and GrowSari, a business to business (B2B) e-commerce platform serving micro, small and medium-sized enterprises (MSMEs) in the Philippines, announced Wednesday the signing of definitive agreements under which KKR will invest $45 million to lead GrowSari’s Series C funding round.
KKR’s investment in GrowSari will support the company’s expansion into more regions…
Indonesian ecommerce enabler SIRCLO acquires retail platform Warung Pintar to strengthen omnichannel services for MSMEs
Indonesian e-commerce enabler company SIRCLO announced Wednesday its acquisition of Warung Pintar, a technology-based retail company in Indonesia that provides a range of digital products and services for the micro-retail (warung) business ecosystem.
Post-acquisition, Warung Pintar is incorporated into the SIRCLO Group to offer a comprehensive omnichannel solution for principals or brands,…