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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/16/2023 21:59 EDT

E-commerce platform Direct2U raises Seed funds led by Inflection Point

Direct2U, a B2B2C-assisted e-commerce platform and a brand of Flow Commerce Private Limited, has successfully raised Rs.1.8 Cr in a Seed Round led by Inflection Point Ventures (IPV). The funds raised will be utilized for technology development, hiring, marketing, and expansion plans. Direct2U aims to simplify cross-border e-commerce, making it accessible to businesses of all ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 04/16/2023 21:48 EDT

Expertise, value propositions, and scalability are my mental model for investing – Mun Hong Ng, Novum Equity Partners

Mun Hon Ng, managing director of Malaysian private equity (PE) firm Novum Equity Partners, emphasises the importance of domain expert founders, value propositions, and scalability in determining the right startups to invest in Novum typically invests up to $5 million and checks for top-line growth and investment spend from previous funding or revenue. The firm ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/13/2023 01:37 EDT

Ggeek Beer Company: From Homebrewers to Award-Winning Craft Brewery; Serving the best of Korean flavours

Korean company Ggeek Beer Company began as a small craft brewery nestled in the heart of Seoul, South Korea, and has grown to a household name domestically and beyond. Founded by a group of beer enthusiasts passionate about creating unique and flavorful brews, Ggeek has gained a reputation as one of the best craft breweries ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/12/2023 02:15 EDT

Indonesian cloud kitchen operator Legit Group bags $13.7m in fresh funding

Legit Group, a multi-brand cloud kitchen operator in Indonesia, has raised a total of $13.7 million in a Series-A funding round led by MDI Ventures. Other investors in the round included Sinar Mas Digital Ventures, East Ventures, and Winter Capital. The company plans to use the funds to expand its operations beyond Jabodetabek and innovate ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 04/12/2023 02:06 EDT

Vietnamese edtech startup MindX scores $15m in Series B funding

Vietnamese edtech startup MindX has announced raising $15 million in a series B funding round, led by education-focused private equity fund Kaizenvest, to continue its mission of nurturing and empowering Vietnamese innovators through technology. Founded in 2015, MindX has graduated over 35,000 students of all ages, many now with successful technology careers in nearly 20 ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 04/12/2023 01:56 EDT

Singapore’s TablePointer raises $3m to expand energy efficiency platform

TablePointer Pte Ltd, a Singapore-based start-up that provides Energy-Efficiency-as-a-Service (EEaaS) solutions, has secured more than $3 million in an oversubscribed seed funding round led by Wavemaker Partners, AgFunder, ENGIE, and Steve Melhuish. The funds raised will be used to expand the company’s technology platform with new features, product modules, and enter fast-growing markets in the ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/10/2023 19:31 EDT

Indonesia’s Travelio secures Series C funding from Korean financial group, others

Indonesia’s Travelio announced that it has raised an undisclosed amount in Series C funding as it seeks to become a dominant player in the country’s apartment rental market. The company’s Series C round was led by a large Korean financial group and included new investors such as Korea’s DAOL Ventures, Orzon Ventures, and Appworks from ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 04/10/2023 19:21 EDT

Stylework, India’s co-working marketplace, nabs $2m in fresh funding

Stylework, an Indian co-working space aggregator, has secured a successful Series A1 funding round, raising $2 million at a $20 million valuation from institutional investors, including Capriglobal Holdings, QI Ventures, and undisclosed family offices. Existing investor WFC, along with iAngels Network, Sateeq Invest, and Impactful Pitch structured syndicates, and marquee industry mix global HNIs, also ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/04/2023 06:48 EDT

SG startup Dozer raises $3m in Surge-led Seed round

Dozer, a Singapore-based open-source data infrastructure platform that simplifies the creation of highly scalable real-time data APIs, has raised US$3 million in seed funding. Sequoia Capital India and Southeast Asia’s Surge led the round, with participation from Gradient Ventures and January Capital. The funding will be used to scale Dozer’s product and engineering teams. The ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 04/04/2023 06:43 EDT

Bukalapak acquires price comparison major iPrice

Indonesia’s leading e-commerce company Bukalapak has acquired a majority stake in Southeast Asia’s leading price comparison platform, iPrice. The move allows iPrice to accelerate its growth by leveraging the synergies between the two groups. In recent years, Bukalapak has shifted its focus from competing head-to-head with other marketplaces to building or acquiring niche marketplaces and ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 04/03/2023 22:41 EDT

01Fintech receives investment from Indonesia’s Sinar Mas

01Fintech, a growth-stage private equity firm specializing in financial technology in Southeast Asia, has announced a strategic partnership with Sinar Mas Financial Services (SMMA), a subsidiary of Sinar Mas Group, one of the largest conglomerates in Indonesia. SMMA provides a broad range of financial services, such as life and non-life insurance, securities, banking, capital markets, ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 04/03/2023 22:28 EDT

Kairous Capital establishes Malaysia-China Digital Cooperation Council for tech investment

Kairous Capital, a venture capital firm headquartered in Malaysia, has signed two Memoranda of Understanding (MoU) with Digital Way Group and China Silk Road Group to establish the Malaysia-China Digital Cooperation Council (MCDCC) and the Malaysia-China Digital Cooperation & Development Fund. The MCDCC aims to promote long-term collaboration between Malaysian and Chinese companies in technology ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 04/03/2023 22:12 EDT

SG’s Alchemy Pay raises $10m to expand into Korean market

Alchemy Pay, a Singapore-based payment gateway that connects crypto and global fiat currencies, has secured $10 million in funding from DWF Labs, a prominent multi-stage web3 investment firm, to expand its payment business in Korea. The funding will be used to capitalize on the region’s high level of cryptocurrency acceptance and assist Korean enterprises in ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 04/02/2023 23:45 EDT

Indonesia’s Fresh Factory bags $4.15m in pre-Series A funding

Fresh Factory, an Indonesian start-up that offers an integrated cold chain fulfilment and logistics service, has raised $4.15m in pre-Series A funding. The investment round was led by SBI Ven Capital, with participation from Kyobo Securities, NTUitive, Trihill Capital, East Ventures and PT Tap Applied Agri Services. Fresh Factory plans to use the funds to ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 04/02/2023 09:20 EDT

Singapore, Malaysia launch cross-border QR payments connectivity

Singapore’s Monetary Authority (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between the two countries, enabling customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes. The payment linkage will allow for in-person payments through the scanning of physical QR codes displayed ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 04/02/2023 08:25 EDT

Young Malaysians promote ‘smart consumption’, says Shopee survey

New data from Shopee’s marketplace shows that a growing number of young Malaysians are turning to secondhand, pre-loved, and demo unit items over new products. The trend is a sign that younger consumers in Malaysia are becoming more environmentally conscious and want to make smarter consumption choices. Shopee’s data reveals that over the past three ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 04/02/2023 08:19 EDT

Indonesia’s Qoala scores $7.5m in responsAbility-led funding round

Indonesia-based insurtech firm Qoala has successfully raised $7.5 million in a recent funding round, led by European investment firm responsAbility Investments AG. The round, which also saw participation from Appworks and existing investors Eurazeo and Indogen, was part of the company’s Series B+ fundraiser. Qoala plans to use the capital to expand its product and ... Read more ›

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 1 place · 03/31/2023 01:54 EDT

LA-based 541 Ventures debuts into Southern California’s Family Office Ecosystem

541 Ventures, a Los Angeles-based global venture capital firm,  announces its official debut into the innovative and influential ecosystem of family offices in Southern California. The event, co-hosted by The Global 51, a family office association, and Revere, an information platform for asset allocators and emerging VC managers, brought together over 30 family offices and ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 03/30/2023 10:40 EDT

Digital asset exchange Mobee launches in Indonesia, secures funding

Mobee, a newly registered digital asset exchange, has launched in Indonesia, offering a range of financial products for qualified investors, family offices, and institutional-grade clients seeking passive income and wealth management products designed for active investors. Co-founded by Andrew Tjahyadikarta, a visionary entrepreneur, and Jeff Pradana, an experienced banking and trading executive, the platform is ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 03/30/2023 10:28 EDT

Thai startup Roojai nets $42m in Series B funding

Thai-based insurtech Roojai has secured $42 million in Series B funding to support its expansion into non-motor products and into new markets such as Indonesia and other countries in Southeast Asia. The funding round was led by HDI International, the international retail insurance division of the German Talanx Group, and included participation from existing investors ... Read more ›

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