Fresh Factory, an Indonesian cold chain fulfillment business, announced that it has received $4.5 million in initial funding, led by East Ventures and backed by PT Prasetya Dwidarma, Number Capital, Trihill Capital, Indogen Capital, Saratoga Investama Sedaya TBK, Y Combinator, and angel investors. According to Larry Ridwan, founder, and CEO of Fresh Factory, this fund ... Read more ›
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ShopBack, a shopping and rewards network with its headquarters in Singapore, has raised $$111m ($80m) in a Series F fundraising round, which was headed by Asia Partners and included existing investor January Capital. With this additional fundraising, ShopBack has now raised more than $319.36 million ($230 million) in total. ShopBack intends to use the additional ... Read more ›
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East Ventures, UOB Venture Management, Vertex Ventures SE Asia & India (VVSEAI), and RHL Ventures led the $29 million Series B fundraising round for RPG Commerce, Southeast Asia’s leading Direct-To-Consumer (DTC) social e-commerce platform. The money raised will go toward future-proofing RPG’s technology and development processes, as well as building and extending the company’s world-class ... Read more ›
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BigPay, a Southeast Asian fintech business, announced the addition of Cash Pickup services to its current remittance feature in Indonesia and the Philippines. BigPay customers can send money to someone who doesn’t have a bank account via Cash Pickup, which allows the recipient to pick up the money in cash from a physical partner location ... Read more ›
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The Korean launch vehicle Nuri (KSLV-II) was successfully launched from the Naro Space Center in Goheung, South Korea at 16:00 pm on 21st June 2022. Private space companies participated in this test launch along with Korea Aerospace Research Institute(KARI), contributing to the achievement of the first Korean launch vehicle developed solely from domestic technology. Ground ... Read more ›
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Finhay, Vietnam’s premier digital investment platform, has secured $25 million in its Series B funding round co-led by Openspace Ventures and VIG. Insignia, TVS, Headline, TNBAura, and IVC also participated in the funding round, according to an announcement. The fresh funding will go toward strategic business expansion, personnel acquisition, and technological development. In addition to ... Read more ›
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Le Yen Thanh, the 28-year-old CEO of Vietnam’s smart mobility startup Phenikaa Maas, is among the 2022 Forbes 30 Under 30 Asia honorees in the Industry, Manufacturing & Energy category. The said category honors individuals who are using technology to improve various industries, including the logistics and supply chain sector, which has been booming during ... Read more ›
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Government-sponsored Startup Studio Indonesia (SSI), an initiative for early-stage entrepreneurs, formally began registration for the Batch 5 program. The intensive program, designed by Indonesia’s Ministry of Communications and Informatics (Kominfo), intends to help and progress early-stage digital entrepreneurs to achieve product-market fit. SSI has helped 65 startup alumni achieve promising results after graduating from the ... Read more ›
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ShareChat, a locally based social networking platform, announced that it has concluded a $520 million multi-tranche fundraising round, bringing its total valuation to $5 billion. The social networking platform received $255 million in capital from Google, Times Group, and current investors, in addition to the $266 million it received from Alkeon Capital, Temasek, HarbourVest, Moore ... Read more ›
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Amili, a Singapore-based precision gut microbiome startup, has raised $10.5 million in Series A funding. This round was led by Vulcan Capital, the investment arm of late Microsoft Corp Co-Founder Paul Allen, which invests in category-leading technology, internet, and life sciences firms. Pruksa Group, TVM Capital Healthcare, Emtek Group, Capital Code, Pureland Group, Blue7, GK ... Read more ›
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Flip, Indonesia’s biggest consumer payments platform, announced the second closure of a Series B fundraising round headed by Tencent and including Block, Inc. (previously Square, Inc.) and current investor Insight Partners. Guillaume Pousaz, Founder & CEO of Checkout.com, through Zinal Growth; Gokul Rajaram, Executive at Doordash and Board Member at CoinBase and Pinterest; and Michael ... Read more ›
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Terra.do, a global climate career platform with the goal of putting 100 million people to work in the field by 2030, has launched a mobile app on the Apple App Store and Google Play Store. The free software provides insider access to leading climate tech businesses’ hiring managers and climate professionals, allowing for direct contact ... Read more ›
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Houze, a proptech startup based in Vietnam that uses its offline-to-online platform to provide a fully integrated real estate ecosystem for agents and customers, has raised $2 million in funding led by DKRA Group, allowing the company to continue expanding its services and growing its team to meet demand in Vietnam and beyond. According to ... Read more ›
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Cake DeFi, Singapore’s fastest-growing Decentralized Finance (DeFi) platform, marked its third anniversary with a significant achievement. The company claimed that it had paid out over $317 million in prizes as of the end of Q1 2022, while continuing to witness strong quarterly business growth of about 90% since 2019. Cake DeFi also announced today that ... Read more ›
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Indonesian-based e-commerce logistic solution business Biteship, which focuses on enabling SMEs and enterprises has raised an undisclosed sum of initial funding from East Ventures and Beenext, according to a BusinessNewsAsia report. Mirsa Sadikin, Co-Founder & Chief Executive Officer of Biteship, said they are happy to partner with East Ventures and Beenext for this investment round ... Read more ›
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Omnistream, a Singapore-based data-powered retail solutions startup, has announced raising $7 million in Series A funding led by SIG Venture Capital, the Asian venture capital arm of Susquehanna International Group. Delivery Hero Ventures, an independently managed venture capital fund backed by Delivery Hero, Asian investment management firm Spiral Ventures, and venture investor Wavemaker Partners also ... Read more ›
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CARRO, Southeast Asia’s largest used automobile marketplace, and PT Mitra Pinasthika Mustika Tbk, Indonesia’s leading consumer automotive and transportation company, announced that they would enter into a strategic collaboration. CARRO will become a 50% shareholder of PT Mitra Pinasthika Mustika Rent after investing $54 million (Rp783.8 billion). This agreement kicks off a strategic partnership between ... Read more ›
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Veridooh, a multi-award-winning adtech firm, has secured $5 million in Series A funding, which will be used to grow internationally as part of its aim to improve out-of-home (OOH) advertising transparency, automation, and intelligence. EVP, a venture capital firm led by Dan Szekely, anchored the investment round. Szekely will join the Veridooh board of directors ... Read more ›
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Customers in Japan can now use FTX, a cryptocurrency exchange headquartered in the Bahamas. Quoine Corporation, which was acquired by FTX earlier this year and renamed FTX Japan, will handle the company’s activities in the country. The company is currently licensed to provide cryptocurrency exchange services and operates as a Type 1 Financial Instruments Business. ... Read more ›
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Dagangan, an Indonesian rural e-commerce startup, announced that it has successfully closed US$6.6 million in its Pre-Series B round led by Sumitomo Mitsui Banking Corporation (SMBC) subsidiary, BTPN Syariah Ventura. Existing investor Monk’s Hill Ventures and Hendra Kwik, CEO of Payfazz, a leading financial services company serving SMEs and unbanked Indonesians, also participated in the ... Read more ›
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Most popular sources
Business Insider
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22% 7 |
Tom's Hardware
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18% 6 |
Vox
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11% 10 |
Gizmodo
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8% 1 |
Wired
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4% 1 |
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18.12.2025 16:21
Last update: 16:15 EDT.
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