CT Corp, Salim, Bukalapak, Grab, Carro and Growtheum Capital Partners to buy into Indonesia’s Allo Bank right issue
Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia.
Bank Allo is a fully licensed bank offering personal, business, joint accounts…
Hong Kong intelligent logistics platform Zeek launches quick commerce solutions in Hanoi, Vietnam
Zeek, an innovative regional logistics solution provider from Hong Kong, is closing the year on the back of strong momentum in Southeast Asia.
Following its foray into Ho Chi Minh City in the fourth quarter of 2020 and its successful partnership with Circle K Vietnam, one of Vietnam’s largest local convenience store chains, Zeek said Thursday it has expanded its footprint in Vietnam with its…
Singapore fintech firm Brankas raises $20M from Insignia Ventures, Visa to expand open finance platform
Brankas, a Singapore-based fintech firm, announced Wednesday the close of its $20 million Series B investment round led by Insignia Ventures Partners, Visa, AFG Partners and Treasury International.
Its existing investors Beenext and Integra Partners also joined the round, Brankas said in a statement.
With this round, Brankas aims to scale its network of more than 40 financial institutions…
Tencent divests 2.6% of equity interest in Singapore’s Sea Ltd
Chinese gaming and social media giant Tencent Holdings Ltd announced on Tuesday that it has entered into a transaction to divest an aggregate of 14.49 million Class A shares of Singapore-headquartered e-commerce and gaming firm Sea Ltd, reducing Tencent’s equity interest in Sea from 21.3 percent to 18.7 percent.
Including proposed voting rights changes, Tencent’s voting power in Sea is…
Pakistan health-tech startup Healthwire raises $3.3M to fuel expansion
Healthwire, a health-tech startup and operator of one of the largest horizontally integrated ecosystem of healthcare service providers in Pakistan, has closed $3.3 million in funding.
The round drew participation from 47 Ventures, Habib Bank Limited, Dilsons Private Limited and angel investors from Silicon Valley, Healthwire said in a statement.
The startup intends to use the funding to…
Customer experience is key differentiator in mobile marketing as businesses go digital at scale, says InMobi’s Rishi Bedi [Q&A]
Southeast Asia's internet economy will hit $1 trillion by 2030, says the recent e-Conomy report by Google, Temasek, and Bain & Co. In 2021 alone, at least 40 million users from the region went online for the first time. This underscores the growing potential of digital services in the region, which is home to around 8.5 percent of the world's population.
In a TechNode Global Q&A with…
Delivery Hero scales down its German operations, plans to divest its Japanese entity
Delivery Hero SE, the Germany-based local delivery platform, has announced plans to scale down its German operations, foodpanda Germany, to a Berlin-based hub focused on developing innovative logistics and tech solutions for the delivery industry, and to divest its Japanese entity which also operates under the brand foodpanda.
Delivery Hero said in a statement that foodpanda Germany will exit…
L’Oréal Malaysia to double down on social commerce in 2022 to help 250 salons affected by the pandemic
The COVID-19 pandemic's adverse impacts on businesses in Malaysia did not leave hair salons unscathed. Since Malaysia's first movement control order (MCO 1.0) in March 2020, over 16,728 registered hair salons, employing over 74,500 workers, were forced to close. The industry, which typically contributes MYR13.5 billion ($3.2 billion) a year to the nation’s gross domestic product, was dealt a…
Indian B2B ecommerce marketplace Jumbotail raises $85M Series C round led by Invus
Jumbotail, India’s new retail platform and business to business (B2B) ecommerce marketplace for food and grocery products, has raised an $85 million Series C round led by Artal Asia Pte. Ltd., an affiliate of global investment firm Invus.
Ajax Capital, the family office of veteran fast-moving consumer goods (FMCG) entrepreneur Ajay Gupta, also participated in the round, Jumbotail said in a…
Vietnam’s Society Pass announces inclusion in Russell 2000 Index
Society Pass Incorporated (SoPa), the Vietnam-based data-driven loyalty platform, announced Tuesday that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of initial public offering (IPO) additions to the Russell indexes.
"Building on the momentum of our successful IPO, the inclusion of Society…