Malaysian perfume startup Scentses + Co receives seed investment from conglomerate MUI Bhd
Scentses + Co, a Malaysia-based perfume subscription platform, has announced a strategic partnership and a lead investment from Malayan United Industries Bhd (MUI Bhd) through its venture arm, Pan Malaysia Ventures Sdn Bhd under Pan Malaysia Corporation Bhd.
By leveraging the strength and backing of the conglomerate, Scentses + Co is set to further catapult the company’s growth towards…
AC Ventures’ Adrian Li says Indonesia’s the most compelling market to invest in ASEAN [Q&A]
Some say this is the best time for the startup ecosystem in Southeast Asia, especially the one in Indonesia, the largest economy in the region with the largest population and a rising middle class.
Indonesia's sheer market size and potential make it the most compelling single market to invest in, in Asean, according to Jakarta-based AC Ventures Founder and Managing Partner Adrian Li.
“Being…
Malaysia B2B startup Dropee raises $7M Series A round led by Vynn Capital
Malaysia’s business to business (B2B) wholesale startup Dropee announced Thursday it has completed its $7 million Series A round comprising a combination of equity and debt investments from new & existing investors.
The current financing round, led by returning investor Vynn Capital, welcomes new investors including HCL Capital, a Hong Kong-based family office which represents a Malaysian…
Tookitaki’s Abhishek Chatterjee on enhancing trust and security in FinTech through RegTech driven by AI and collaboration [ORIGIN Innovation Awards Q&A]
FinTech is one of the fastest-growing sectors today, with FinTech companies having dominated the lists of fastest-growing companies at least in the past couple of years. That being said, the accelerated growth of this sector does not come without challenges, particularly in navigating the different regulatory frameworks across global and regional markets.
A winner in the Startup Awards -…
Alpha JWC forecasts Indonesia will produce at least 10 more unicorns by 2025
Indonesia-focused venture capital (VC) firm Alpha JWC Ventures said Tuesday that it forecasts Indonesia will produce at least 10 more unicorns by 2025.
Alpha JWC said in a statement, the VC firm saw four unicorns from its portfolio in 2021, with 14 companies valued between $500 million to $1 billion, buoyed by global investors’ interests and the strong performance of Indonesia’s tech sector.…
Vietnamese social commerce platform Mio raises $8M in Series A funding led by Jungle Ventures
Editor's note: Updated with information of investors
Mio, a Vietnam-based social commerce platform, announced Tuesday that it has raised $8 million in a Series A funding round.
The round was led by Jungle Ventures, with participation from Patamar Capital and noted angel investor Oliver Jung.
The round also saw participation from existing investors GGV, Venturra, Hustle Fund, iSEED…
Jakob Rost on how Ayoconnect’s open finance solutions foster an ecosystem of synergy in the finance industry [ORIGIN Innovation Awards Q&A]
Financial APIs are reshaping the financial sector as we know it. By allowing different systems to essentially talk to each other, financial APIs are driving new business models and partnerships in an industry that is traditionally considered resistant to change.
In this TechNode Global Q&A with Jakob Rost, Founder and Chief Executive Officer of Ayoconnect, we learn how Southeast Asia's…
AirAsia aims to become Asia’s largest food delivery, ride hailing company – report
Malaysia budget airline AirAsia Group aims to become the largest food delivery and ride-hailing company in Asia, its chief executive said.
AirAsia Chief Executive Officer Tony Fernandes said he is confident that the airasia food and Super App can become one of the biggest food delivery, ride-hailing companies and online travel agencies in Asia, national news agency Bernama reported on Sunday.…
Taiwan sustainable fashion community-based marketplace PopChill raises $2.2M Pre-Series A funding led by AppWorks
PopChill, a Taiwan-based sustainable fashion e-commerce marketplace, announced Monday the completion of a $2.2 million Pre-Series A round of financing.
The round was led by AppWorks, with participation from CTBC Venture Capital, B Current Impact Investment, and Taiwan Culture and Creative Angels Investment, PopChill said in a statement.
With this round of financing, PopChill will…
FTAG Ventures leads $4.5M round for Singapore livestreaming solutions provider BeLive Technology
FTAG Ventures has spearheaded a S$6 million ($4.45 million) bridge funding round for BeLive Technology, a Singapore-based livestreaming solutions firm aiming to expand its presence globally by establishing partnerships with e-commerce giants, apps and brands.
This development follows news last year when FTAG Ventures announced that it had acquired a significant stake in BeLive Technology,…