VEON Ventures makes $15M Series A investment in Pakistan B2B marketplace Dastgyr
VEON Ltd., a global digital operator that provides mobile connectivity and services, announced Tuesday that the group's VEON Ventures division has completed a $15 million investment as part of a Series A round for Dastgyr, a Pakistan-based business to business (B2B) e-commerce marketplace platform.
This investment will contribute towards boosting Pakistan's e-commerce market, VEON said in a…
Singapore alternative funding startup Jenfi launches in Indonesia
Jenfi, a Singapore-based fintech startup, said Thursday it is expanding its business to Indonesia. The expansion follows its recent series A funding in 2021 and also includes Vietnam.
"Indonesia is a very interesting market for Jenfi, given its large population and a growing ecommerce segment, which has not come close to its peak. While we are seeing fast growth, we realise that most…
Ninja Van introduces enhanced suite of supply chain management solutions
Ninja Van Group, the Singapore-based tech-enabled logistics company, said Thursday it has enhanced its supply chain management solutions by expanding existing services into new markets, and making more services available to Small and Medium Enterprises (SMEs) across the region.
Ninja Van said in a statement that these enhancements are part of the $100 million that the firm has committed to…
Carsome launches largest experience center in Malaysia
Malaysia-based integrated car e-commerce platform, Carsome, said Thursday it has elevated its hassle-free car buying experience with the launch of Carsome PJ Automall, its biggest experience center to-date in Malaysia and first that comes with electric vehicle charging stations.
For customers, the Automall enables them to experience prospective cars – from viewing, to selecting, to on-the-spot…
Razer Fintech acquires Indonesian digital payment firm E2Pay
Razer Fintech, the financial technology arm of Razer, announced Wednesday the acquisition of PT E2Pay Global Utama (E2Pay), a business-to-business-to-consumer (B2B2C) digital payment facilitators and e-money players in Indonesia.
Razer Fintech is already an O2O (offline to online) digital payment network in Southeast Asia, and this acquisition marks its further expansion into Indonesia, the…
Malaysia’s iPrice Group lays off 20 percent staff
iPrice Group, a Malaysia-based e-commerce platform helping shoppers find the best deals online, said Wednesday it is laying off 20 percent of its staff.
The layoffs are part of several measures to focus the business on its core mission “to help people save money” shopping online, iPrice said in a statement.
The move comes three months after the company announced a $5 million investment from…
Indonesia’s J&T Express invests $136M for logistics center in Malaysia
J&T Express, an Indonesia-based international express logistics company, announced Tuesday it has invested MYR600 million ($136.46 million) to purchase a 30-acre parcel of land in Bandar Rimbayu, Selangor, Malaysia, to build a logistics center.
The land will be used to build an integrated logistics center for express distribution, logistics and transportation and warehousing to meet…
Vietnam’s Society Pass acquires Singapore blockchain/Web3 mobile virtual network operator Gorilla Networks
Society Pass Incorporated (SoPa), Vietnam-based data driven loyalty and ecommerce ecosystem, announced Monday that it has acquired Singapore-based Gorilla Networks Pte Ltd (Gorilla), a next generation Web3-enabled mobile virtual network operator (MVNO).
SoPa said in a statement that it will incorporate Gorilla Networks’ proprietary blockchain/Web3 technology onto the rest of SoPa ecosystem to…
Singapore FinTech firm HitPay raises $15.75M Series A funding led by Tiger Global
HitPay, a Singapore-based one-stop payments platform for small and medium-sized businesses, announced Tuesday its $15.75 million Series A funding round led by Tiger Global and joined by returning investors Global Founders Capital and HOF Capital.
The funding will enable HitPay to continue building the best payment gateway for small businesses and support small and medium-sized enterprises…
Thai startup ZTRUS aims to double revenue as it expands in home country & regionally
Thailand-based automatic data entry service platform ZTRUS, which plans to raise Series A funding this year, aims to scale further in its home country and explore expansion regionally after breaking even last year, its chief executive said.
“Our profit/loss is at par in 2021. We hope to double the figure in 2022 as we are launching new software-as-a-service (SaaS) products and expanding with…