Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.
Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo, and Justin Kan’s Goat…
Singapore’s Jungle Ventures closes a $600 million fund, AUM crosses $1B
Singapore-based venture capital firm Jungle Ventures has announced a $600 million close of its Fund IV with $450 million in the main fund and $150 million in additional managed commitments.
This brings their total Assets Under Management (AUM) to over $1 billion, making Jungle the first independent, Singapore-headquartered VC firm that invests across Southeast Asia and India to reach this…
Japan’s chat commerce firm Zeals raises $38.77M funding led by JIC Venture Growth Investments
Zeals Co., Ltd. (Zeals), a Japan-based Chat Commerce provider, announced Thursday that it has raised a total of ¥5 billion ($38.77 million) in funding.
JIC Venture Growth Investments led the ¥3.5 billion ($27.14 million) Series E round with participation from Z Venture Capital, a venture investment arm of Z Holdings, Japan Post Capital, and Salesforce Ventures, Zeals said in a statement.…
Singapore’s Sea Ltd prepares move into Indonesia’s insurance sector – report
Singapore-headquartered e-commerce and gaming giant Sea Ltd is said to be preparing a move into Indonesia’s insurance sector.
The US-listed tech firm has prepared plans to acquire an insurance company in Indonesia, Financial Times reported on Wednesday, quoting two people close to the discussions.
One person said a likely target was Asuransi Mega Pratama, a general insurance firm recently…
South Korea’s oHouse raises $182M Series D funding from SoftBank Ventures Asia and others
oHouse, a South Korean home furnishing and remodeling unicorn, announced Monday that it has raised $182 million Series D funding from prominent global investors to power the global growth of its groundbreaking lifestyle platform.
The funding came from investors including SoftBank Ventures Asia, BRV Capital Management, Vertex Growth which is anchored by Temasek-backed Vertex Holdings, BOND,…
Vietnam social commerce platform Aemi raises $2M Seed funding to provide solutions for creators and micro retailers
Vietnam social commerce platform Aemi announced on Thursday it has recently raised $2 million in a pre-Seed funding round co-led by Alpha JWC Ventures and January Capital, with participation from Venturra Discovery, FEBE Ventures, and other angel investors.
Aemi is an online business-to-business (B2B) marketplace connecting social commerce entrepreneurs to major and niche Asian health and…
China’s EV maker NIO announces proposed secondary listing on Singapore Exchange
China-based electric vehicle maker NIO Inc announced on Thursday it has received conditional approval from the Singapore stock exchange for its proposed secondary listing in the city-state.
The company has received a conditional eligibility-to-list letter (ETL) from the Singapore Exchange Securities Trading Ltd on May 5, 2022 for the listing and quotation of its shares on the Main Board of…
Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license
Southeast Asian used car marketplace Carsome is part of KAF Investment Bank's consortium which recently awarded a digital banking license in Malaysia.
"Yes, we are excited to confirm that Carsome is part of the consortium led by KAF Investment Bank which has received one of the first digital bank licenses in Malaysia granted by Bank Negara Malaysia (BNM)," Carsome investors' relations team…
Accelerating Asia announces Q1 investments into 13 startups, expanding its market and industry footprint
Accelerating Asia has invested in nine new companies from across Asia as of Accelerating Asia’s sixth cohort with a presence in more than 10 countries. Accelerating Asia is one of the most active investors in pre-Series A startups and is an international VC accelerator licensed by the Monetary Authority of Singapore.
Cohort 6 startups have a presence in more than 10 countries in South Asia,…
India’s Evenflow raises $5M pre-series A round from Village Global and others
Evenflow Brands (Evenflow), an India-based e-commerce rollup firm, announced Thursday the closing of its pre-series A round of $5 million.
The round saw participation from Village Global, 9Unicorns, Venture Catalysts, LetsVenture, Shiprocket, and marquee angel investors such as Emil Michael (Ex-Chief Business Officer at Uber), Vijay Shekhar Sharma (Founder and Chief Executive Officer of…