Philippine tech ecosystem poised to grow further with more investments & gov support – report
The Philippines tech ecosystem, which has been lagging behind its Southeast Asia counterparts, has begun changing for the better following a growing number of investments in the local market and increasing support from the government, a recent report showed.
Funds raised by startups in the Philippines during the first ten months of 2021 almost exceed the total amount of funds raised from 2017…
The NFT Boom: The popularity behind Non-Fungible Tokens [BEYOND Virtual Panel]
After the hype of the non-fungible token (NFT) boom early this year, speculation states that it will soon go bust. However, as with any hyped market, the future is always tricky. For this BEYOND Virtual Panel held on November 10, 2021, TechNode Global brought together NFT enthusiasts and analysts to explain the surreal popularity behind the NFT industry, its ups, and downs, as well as the…
India home furniture startup Wakefit.co raises $27 M Series C led by SIG
Wakefit.co, India’s largest home and sleep solutions company, announced Thursday it has raised INR200 Crores ($26.87 million) Series C round of funding led by US investment firm SIG.
Sequoia Capital India and Verlinvest also participated in the round as existing investors.
With the Series C round, Wakefit.co’s valuation will soar to over INR2800 Crores ($380 Million).
Wakefit.co said in…
Indonesia’s GoTo secures over $1.3B in first close of pre-IPO fundraising
GoTo Group, the Indonesia merged entity of Gojek and Tokopedia, announced Thursday the first close of its pre-initial public offering (IPO) fundraising, securing more than US$1.3 billion.
The round was backed by investors including a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad…
Singapore food supply chain marketplace TreeDots secures $11M Series A Investment led by Amasia and East Ventures
TreeDots, a Singapore-based integrated food supply chain ecosystem, announced Thursday it has successfully raised $11 million Series A funding co-led by venture capital firms Amasia and East Ventures (Growth fund).
Other investors included ACTIVE Fund, Seeds Capital, author Nir Eyal, and actress Fiona Xie.
TreeDots said in a statement that it is looking to enhance its growing food logistics…
Southest Asia internet economy is expected to reach $1T GMV by 2030 – report
Continued shifts in consumer and merchant behaviour, matched with strong investor confidence, have ushered Southeast Asia (SEA) into its “Digital Decade” - and the region is on its way towards $1 trillion gross merchandise value (GMV) by 2030, said an industry report on Wednesday.
“While SEA’s internet economy was resilient in 2020, a resurgence in 2021 has propelled the region upwards to $170…
Global Investment Hotspots: The Next Blue Ocean [BEYOND Virtual Opening Panel]
Innovation is inseparable from the help and support of capital. Even in certain specific environments, the trend of capital will affect the direction of innovation and vice versa.
As part of the innovation ecosystem, we are always paying attention to the movement of capital and listening to the voice of capital.
The BEYOND International Technology Innovation Expo Investment Summit will…
Vietnam’s Society Pass announces $26M pricing for Nasdaq IPO
Society Pass Incorporated (SoPa), a Vietnam-based data-driven loyalty platform, has announced the pricing of its $26 million Nasdaq initial public offering (IPO), offering 2.89 million shares of common stock at a price of $9 per share.
The shares have been approved for listing on the Nasdaq and will trade under the ticker symbol "SOPA" beginning November 9, SoPa said in a statement.
The…
JD.com-backed Tiki raises $258M in Series E funding round led by insurer AIA
Vietnam-based e-commerce platform Tiki, which counts Chinese e-commerce firm JD.com as investor, has raised $258 million in a funding round led by insurance company AIA Company Ltd.
This investment also saw the participation of investors including Mirae Asset-Naver Asia Growth Fund, Taiwan Mobile, Yuanta Fund, and South Korea investment firm STIC Investments and Tiki’s current shareholder,…
Ping An’s Jessica Tan on new business opportunities in digitalization [BEYOND Virtual]
Digital technologies are expected to further loosen geographical restraints and blur the industrial lines, even for professional industries, says Jessica Tan, co-CEO and Group Executive of Ping An Group, on Tuesday at BEYOND Virtual, an online conference leading to BEYOND Expo, an on-site event at the Venetian Macao Convention and Exhibition Center from December 2 to 4.
In the opening day…