Singapore’s Una Brands raises $15M Series A funding co-led by White Star Capital and AlphaJWC
Just five months after securing $40 million in its Seed round, Singapore-based e-commerce acquirer Una Brands announced that it has raises a further $15M equity in its Series A funding co-led by White Star Capital and AlphaJWC.
Its current investors as well as Alvin Teo, Co-Founder of regional logistics unicorn Ninjavan, also participated in the round.
Una Brands said in a statement that it…
Taiwan’s ALP to invest $1B to develop smart warehousing parks in Malaysia
Taiwan’s largest warehousing infrastructure developer Ally Logistic Property Co. Ltd. (ALP) is set to invest $1 billion in Malaysia to develop smart warehousing solutions to boost the nation’s logistics industry.
ALP said in a statement that its plans in Malaysia are already underway with the development of its $180 million 27-acre logistics park with a smart warehousing facility called OMega,…
Singapore logistics firm uParcel raises $1.5M in pre-Series A funding to accelerate regional expansion
uParcel, a Singapore-based delivery platform, announced Wednesday it has secured S$2 million ($1.48 million) pre-Series A funding from billionaire deep-tech technopreneur Shi Xu.
uParcel said in a statement that it will use the latest funding to accelerate regional expansion and continue to scale its platform by expanding into adjacent products.
It will utilize the investment to deepen its…
Singapore shopping and rewards platform ShopBack to acquire BNPL player hoolah
ShopBack, a Singapore shopping and rewards platform, said Tuesday it will acquire 100 percent of "buy now, pay later" (BNPL) player hoolah for an undisclosed amount.
hoolah, combined with ShopBack's position as the market-leading publisher and shopping companion across the Asia-Pacific, will transform the shopping experience for shoppers, while providing a one-stop solution for demand…
Malaysia property developer Hatten Land partners Singapore FinTech Hydra X to develop and operate cryptocurrency exchanges
Malaysia property developer Hatten Land Limited said Monday, its wholly-owned subsidiary Hatten Technology (S) Pte. Ltd. (Hatten Technology) has entered into an agreement with Singapore fintech company HydraX Pte. Ltd. (Hydra X) to set up a joint venture company to jointly develop and operate "first-of-its-kind” cryptocurrency exchanges (Crypto Exchanges) in Singapore and Malaysia.
The Crypto…
Indonesia D2C skincare brand NAMA Beauty raises $5M in seed funding led by AC Ventures, plans to launch second-line brand
NAMA Beauty, an Indonesia direct-to-consumer (D2C) cosmetics and skincare company said Monday it has completed its $5 million seed funding round led by AC Ventures.
PT SiCepat Ekspres Indonesia (SiCepat Ekspres) and PT Digital Mediatama Maxima Tbk (DMMX) also participated the round.
NAMA Beauty said in a statement that it plans to use the new funding for research and development (R&D),…
Singapore-based Accelerating Asia announces fifth cohort with nine startups
Singapore-headquartered early-stage venture capital fund Accelerating Asia has officially announced the first batch of investments for Fund II and its fifth cohort of pre-Series A startups joining its flagship 100-day program.
The startups from Bangladesh, Malaysia, the Philippines, the US, and Vietnam have already increased their monthly recurring revenue by over 40 percent to an average of…
Malaysia proposes various tax exemptions for EVs in Budget 2022
The Malaysian government has announced to give full exemption of import duty, excise duty, as well as sales tax for electric vehicles (EVs) in a bid to support the local EV industry.
The announcement was made by Finance Minister Tengku Zafrul Abdul Aziz when he was tabling the Budget 2022 in Parliament.
A 100 percent road tax exemption will also be given to EVs, he said.
“The government…
AirAsia partners more airlines to sell competitors’ flights on super app
Malaysia budget airline AirAsia Group Bhd announced on Thursday it has partnered with more airlines to sell their flights on its Super App, part of its move to become an online travel agency that also offers competitors' flights and hotel bookings.
Some of its newest airline partners are Air Canada, Air France, Air Mauritius, Bamboo Airways, Ethiopian Airlines, flydubai, Go First, KLM, Mahan…
Angkasa-Boustead consortium banks on Islamic bank positioning, existing captive members to win a digital banking license in Malaysia [Q&A]
Editor’s note: This interview is part of a Q&A series with some of the contenders vying for a digital banking license in Malaysia.
When National Co-operative Movement of Malaysia (Angkatan Koperasi Kebangsaan Malaysia Bhd, Angkasa) and Malaysia-listed conglomerate Boustead Holdings Bhd announced they have teamed up with one of the world’s largest independent insurance brokerage…