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…
Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses
Southeast Asia’s used car e-commerce platform Carsome Group announced on Thursday the acquisition of digital automotive content businesses under brands of WapCar and AutoFun from Tang Internet Ltd and its subsidiaries.
Upon the completion of the acquisition, Carsome set up WapCar AutoFun Sdn Bhd (WapCar), as a fully-owned subsidiary of the Carsome group in Malaysia.
Carsome Co-founder and…
India’s Geniemode lands $28M Series B funding led by Tiger Global
Geniemode, an India-based business to business (B2B) cross-border tech platform for lifestyle goods, said Friday it has scooped up $28 million Series B funding led by Tiger Global.
Existing investor Info Edge Ventures, also doubled down in the round, Geniemode said in a statement. The new round has come within just four months of the company closing its $7 million Series A led by Info Edge.…