SIRCLO, an Indonesian e-commerce startup that helps businesses sell online, announced raising $36 million in a funding round co-led by East Ventures and Saratoga Investama Sedaya (Saratoga). Traveloka, Sinar Mas Land, and other investors also participated in the funding round that will be used to develop SIRCLO’s technological capabilities and accelerate the retail digitalisation of ... Read more ›
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KT Corp, South Korea’s largest telecommunications company, has acquired Epsilon Telecommunications, a global connectivity provider headquartered in Singapore, for an undisclosed amount. The acquisition matches Epsilon’s agile innovation in international networking with KT’s world-class telecommunications services, customers, leadership, and resources. KT gains connectivity to the world’s leading communications and technology hubs in 41 cities, with ... Read more ›
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India-based hotel chain OYO has raised its authorized share capital to Rs 901 crore ($122M) from Rs 1.17 crore ($160,000) ahead of its initial public offering. Oravel Stays Pvt. Ltd. that runs OYO Hotel and Homes has given its consent to the resolution to expand OYO’s authorized share capital as per the ROC (Registrar Of ... Read more ›
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Indonesia-based P2P lender Modalku has collaborated with BukuWarung, a bookkeeping and digital payments platform to support its 6.5 million MSME users. According to Iwan Kurniawan, Modalku’s Co-Founder& COO, this collaboration is to offer access to financing services to MSMEs for the procurement of goods and services and to help positive business flow. He also added ... Read more ›
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Thailand-based logistics and ecommerce startup Flash Express has tied-up with AIF Group to develop the logistics industry in the region. Flash Express and AIF Group Laos have announced a joint investment to launch Flash Laos, an air and land delivery service in Laos. With the launch of Flash Laos customers will be able to courier ... Read more ›
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Legit Group, a cloud kitchen startup backed by Ismaya Group, announced raising $3 million in a seed funding round led by early-stage venture capital East Ventures, with participation from AC Ventures. Launched in February 2021, Legit Group said it now seeks to be the leader in creating delivery-first food and beverage brands in Southeast Asia ... Read more ›
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Intudo Ventures, an Indonesia-only venture capital firm has closed its third fund at $115 million amidst the tech-segment boom in South East Asia’s biggest economy. Intudo Ventures third fund limited partners include Wasson Enterprises LLC, Black Kite Investments, and President International Development Corporation (PIDC). Other limited partners include over 10 founders of tech unicorns, more ... Read more ›
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Amazon’s digital payment arm, Amazon Pay, has partnered with Kuvera.in, a mutual fund platform to facilitate wealth management services in India. This is the global ecommerce giant’s first tie-up in this space across the globe. According to the tie-up, Amazon Pay will distribute the wealth management services of Kuvera while Kuvera’s tech-driven platform will manage ... Read more ›
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ShopUp, a Bangladesh-based business-to-business ecommerce startup in a Series B funding round has raised $75 million with Peter Thiel’s Valar Ventures as the lead investor. This oversubscribed funding round is also the largest in the South Asian Market for an ecommerce startup. The funding round also saw participation from Prosus Ventures along with existing investors ... Read more ›
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PayPal Holdings announced that it is acquiring Paidy, a two-sided payments platform and provider of buy now, pay later (BNPL) solutions in Japan, for ¥300 billion or about $2.7 billion in cash. In a statement, PayPal said the acquisition will expand its capabilities, distribution, and relevance in the domestic payments market in Japan, which is ... Read more ›
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A survey conducted by CPA Australia, one of the world’s largest professional accounting bodies, showed that Singaporean businesses were more likely to adopt technologies and develop a long-term strategy than their Asian region counterparts in the past 12 months. The findings were based on the response of the 725 professionals across industries in Australia, Mainland ... Read more ›
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Borneo, a Singapore-based data security platform founded by former Uber and Facebook executives, has secured $15.5 million in fresh funding to continue investing in its technology platform. The startup said Vulcan Capital, the Seattle-based investment arm of the late Microsoft co-founder Paul Allen, led the round, which brings Borneo’s total funding to date to $18 ... Read more ›
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Singapore-headquartered global game developer Virtuos announced that it secured a $150-million investment from funds affiliated with Baring Private Equity Asia (BPEA). The investment will make BPEA the largest external shareholder in the “League of Legends” owner, alongside the company’s 2018 investor 3D Capital Partners, according to the announcement. CEO Gilles Langourieux together with the rest ... Read more ›
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JustCo, a co-working space headquartered in Singapore, raised $74 million from Japan-listed construction and real estate company Daito Trust, according to an announcement. The fresh capital will be used to fuel JustCo’s further expansion into the Asia Pacific and Japanese market, with plans to open Japan’s first coworking center in Shibuya Hinkarie in January 2022. ... Read more ›
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Yield Guild Games, a Philippine-based decentralised gaming guild, announced that it has raised $4.6 million investment led by venture capital firm Andreesen Horowitz (a16z). Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures, and gaming entrepreneur Gabriel Leydon also participated in the funding round, which was finalised before the Yield GUild token sale on July 27. Yield ... Read more ›
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HOMA2U (HOMA), a Malaysian online-to-offline marketplace for building materials and home furnishing products, announced raising 2.4 million ringgit ($567,000) in a series of funding from investors including private equity firm Warisan Quantum Management. Founded in 2017, HOMA is a new retail platform that offers building material and home finishing products that focus on sustainability at ... Read more ›
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Metanet Tplatform, the cloud managed service provider under South Korea’s Metanet Group, has raised $100 million from Singapore-based private equity firm Affirma Capital. In a statement, Affirma Capital said it made the investment through its fifth Korean fund, Ascenta V. The said fund raised $435 million this year. The investment is the first instance in ... Read more ›
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Founded in 2013 by Ashok Reddy, GrabOn is an Indian coupon and discount shopping platform headquartered in Hyderabad. The company provides its users with the latest data on deals, discounts, offers and coupons on all manner of online purchases across a variety of platforms. They are also marking their presence in the e-Gift Card space, ... Read more ›
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Shandi, a plant-based foodtech company based in Singapore, has raised more than $700,000 in its seed funding round led by Tolaram, one of Africa’s largest packaged food firms. The Singapore startup said it will use the fresh capital to set up a manufacturing facility in the city-state to commercialise and scale its proprietary plant-based chicken ... Read more ›
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Philippine Digital Asset Exchange (PDAX), a licensed cryptocurrency exchange in the Philippines, announced raising $12.5 million in a funding round led by a UK-based venture capital firm. The round was also backed by Hong Kong-listed fintech firm BC Group and existing investors, including venture capital firms Beenext Ventures, CMT Digital, global enterprise cryptocurrency leaders such ... Read more ›
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Business Insider
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Android Authority
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Tom's Hardware
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8% 16 |
Wired
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6% 3 |
Mashable
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5% 2 |
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19.12.2025 20:34
Last update: 20:20 EDT.
News rating updated: 03:20.
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