Indonesian Fintech player KoinWorks raises $108M in Series C funding led by MDI Ventures

KoinWorks, an Indonesia-based FinTech platform, announced Tuesday a $108 million Series C funding round led by MDI Ventures, the corporate venture arm of Telkom Indonesia. Previous equity investors such as Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures also participated in the round, KoinWorks said in a statement. The funding, which consists of $43…

AirAsia secures Malaysian regulator license for remote drone pilot training

Malaysia’s budget airline AirAsia said Monday it has secured its Certificate of Approval (COA) from the Civil Aviation Authority of Malaysia (CAAM), to conduct remote drone pilot training. With the approval, AirAsia has become first in Malaysia to provide industry support with quality remote pilot training, AirAsia said in a statement. “We are thrilled to be the first in Malaysia to win…

Malaysia unicorn Carsome raises $290M in Series E financing

Malaysia-based integrated car e-commerce platform Carsome Group announced Monday the completion of its $290 million Series E round, increasing the company’s valuation to approximately $1.7 billion. This new financing further solidifies Carsome’s position as the leading integrated e-commerce auto platform in Southeast Asia, Carsome said in a statement. According to the statement, the latest…

Indian quick commerce player Dunzo raises $240M funding led by Reliance Retail

Dunzo, an India-based quick commerce player, has raised $240 million in its latest round of funding led by Reliance Retail Ventures Limited (Reliance Retail). Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also joined the round, Dunzo said in a statement. With an investment of $200 million, Reliance Retail will own 25.8 percent stake on a fully diluted basis, it…

Indonesian cloud-based POS Olsera raises $2.5M from Kejora-SBI Orbit

Olsera, an Indonesian cloud-based Point of Sales (POS) startup, said Friday it has raised $2.5 million in seed round funding from Kejora-SBI Orbit, a joint venture capital fund helmed by Kejora Capital and Japanese conglomerate SBI Holdings. With this fresh capital, Olsera seeks to strengthen its technological infrastructure, recruit more talents and accelerate their merchant acquisition in…

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…

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…