South East Asia

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• Source limited to: Tech in Asia

 2021-07-28 12:43 

Tech in Asia

SoftBank leads $105m round of Zoom-integrated edtech firm...

With the latest fundraise, Class has hit US$804 million in valuation, according to a TechCrunch report....

 2021-07-28 12:33 

Tech in Asia

EDBI, Seeds Capital's scheme help Singapore startups to raise $159m in funding...

The Special Situation Fund for Startups was launched in June last year, with the investment firms setting aside US$205 million in financing....

 2021-07-28 10:53 

Tech in Asia

Online automobile marketplace Droom drives into unicorn club with $200m pre-IPO funding...

Droom said it is nearing profitability and is on track to achieve a GMV of US$2 billion by the end of 2021....

 2021-07-28 09:30 

Tech in Asia

GudangAda's numbers keep getting bigger...

We take a look at what's powering GudangAda's tremendous growth and explore what fresh funds will do for this beauty startup....

 2021-07-28 08:30 

Tech in Asia

[Tech in Asia Conference] How to catch the content economy boom...

Learn about the state of content economy and how opportunities can be captured....

 2021-07-28 08:23 

Tech in Asia

Swift launches low-value payment service with 7 banks on board...

Swift Go targets small and medium-sized enterprises as well as consumers who need to move money internationally....

 2021-07-28 08:05 

Tech in Asia

Report: Singapore's GIC leads $53m round of IPO-bound Indian travel startup...

Ixigo is eyeing a valuation of up to US$800 million from its public listing, the Economic Times reported....

 2021-07-28 07:41 

Tech in Asia

Indian AR-based social media startup nets $3.5m in seed funding...

Flam's first product, FlamCard, allows users to scan a printed photo and play AR videos on top of the picture....

 2021-07-28 07:27 

Tech in Asia

Report: Ant-backed bike-sharing firm Hello scraps US IPO plans...

Hello was reportedly working confidentially with China International Capital, Credit Suisse, and Morgan Stanley for the US listing ....

 2021-07-28 06:00 

Tech in Asia

Ex-Unilever employee's health snack startup scores $6m in Sequoia-led round...

The Whole Truth claims it is the only Indian brand to list each and every ingredient that goes into its food upfront....

 2021-07-28 06:00 

Tech in Asia

Tiger Global-backed messaging unicorn Gupshup bags $240m follow-on funding...

Gupshup will use a large chunk of the follow-on funding to buy back shares from current and former employees as well as existing investors....

 2021-07-28 05:09 

Tech in Asia

Golden Gate, Gentree Fund co-lead Philippine fintech firm's $1.6m seed round...

Philippines-based NextPay operates on a pay-per-use model with no setup fees to make its offering accessible to growing companies....

 2021-07-28 05:00 

Tech in Asia

Explaining Axie Infinity and its mercurial rise...

We explain how this blockchain game works and the forces that led to its popularity....

 2021-07-28 04:00 

Tech in Asia

Wavemaker joins Bangladeshi edtech startup's $1.3m round...

Shikho will introduce a new web portal and parent app, which will allow parents and guardians to supervise their child's learning....

 2021-07-28 03:48 

Tech in Asia

Reports: Ola to enter the used-car retailing business...

The service, which will be called Ola Cars, will start as a pilot project in Bengaluru in the second half of August, reported Entrackr....

 2021-07-28 03:30 

Tech in Asia

Indian AI-based fitness gamification startup raises $873k in seed funding...

Insane AI uses computer vision, AI, and augmented reality to let users use their body as a game controller and convert workouts into a multiplayer game....

 2021-07-28 02:51 

Tech in Asia

Singapore alternative food startup Hoow Foods bags $2.2m...

Under the Killiney Kopitiam Group brand, Hoow Foods has sold more than 1.5 million beverages....

 2021-07-27 13:55 

Tech in Asia

Gojek-backed Bank Jago records nearly 8x jump in loan disbursements...

Bank Jago, attributes the surge in lending it has seen in the past three months to its integration with apps like Bibit and Gojek's super app....

 2021-07-27 13:40 

Tech in Asia

Report: Indian e-grocer makes foray into instant delivery after Zomato investment...

Grofers' instant delivery service will deliver groceries to households in 15 minutes, reported Moneycontrol....

 2021-07-27 11:54 

Tech in Asia

Report: Tencent temporarily halts new sign-ups on Chinese version of WeChat...

The development comes as Chinese authorities continue to tighten the regulatory net around tech giants in the country, reported Nikkei....

 2021-07-27 11:42 

Tech in Asia

Singapore's GIC picks up stake in Starbucks' Korean unit...

Starbucks agreed to sell its 50% ownership stake in its South Korea joint venture to its partner Emart and Singapore's sovereign wealth fund....

 2021-07-27 11:41 

Tech in Asia

Report: Indian ad automation startup raises $3.2m...

Rocketium, which automates the creation of digital ad collateral, will launch in the United States, Tech Crunch reported....

 2021-07-27 11:08 

Tech in Asia

Indonesian online lender in hot water as hundreds of investors allege fraud...

Investors have complained that online lender Tanijoy has defrauded them of investments in agricultural projects worth US$276,000....

 2021-07-27 10:57 

Tech in Asia

Report: Alibaba unit applies for trademarks for defunct music streaming service...

An Alibaba unit filed for dozens of trademarks after China forced Tencent to scrap its exclusive music deals, South China Morning Post reported....

 2021-07-27 09:44 

Tech in Asia

India's Trifecta Capital raises $130m for new VC fund...

The fund launched three months ago and has a target corpus of US$200 million....

 2021-07-27 09:30 

Tech in Asia

Southeast Asian startups' big moment to shine...

We look at how much Southeast Asia's startup ecosystems have grown in the last decade and Byju's acquisition of a Singapore-based edtech company...

 2021-07-27 08:51 

Tech in Asia

Former Shopee, Lazada exec's startup raises $14m in series A funding...

Hypefast, which acquires digital and ecommerce-native brands in Southeast Asia, has been profitable since the beginning of 2021, its founder said....

 2021-07-27 08:27 

Tech in Asia

Healthtech firm backed by Ratan Tata fund raises $6m in series B2 round...

Axio Biosolutions, which has its global headquarters in Boston, plans to build a stronger commercial presence in the US and the EU....

 2021-07-27 08:05 

Tech in Asia

Temasek co-leads $145m round of Twitter-backed Indian social media firm...

Mohalla Tech, the parent company of social networking platforms ShareChat and Moj, said the latest fundraise values the company at close to US$2.9 billion....

 2021-07-27 07:04 

Tech in Asia

Indonesian fintech firm KoinWorks names ex-Ovo exec as CTO...

Geovedi will be tasked to build infrastructure and data governance to achieve the company's aim to be the first fintech unicorn in Indonesia....

 2021-07-27 06:00 

Tech in Asia

Startup Frontiers: The Philippines...

Why is it that the Philippines - with a gross domestic product of over US$350 billion - has yet to produce a unicorn?...

 2021-07-27 06:00 

Tech in Asia

Editor's letter: Forget tech consumer brands are all the rage with VCs...

Investors are itching to back consumer brands, which are now the flavor of the month....

 2021-07-27 05:47 

Tech in Asia

Indonesian online grocery platform banks $65m in round co-led by Naver...

HappyFresh said it expects traffic on its platform to grow by 10x to 20x across Indonesia, Malaysia, and Thailand....

 2021-07-27 05:33 

Tech in Asia

Sequoia's Surge leads $1.6m round of Singapore media SaaS startup...

Gumlet provides hassle-free optimization for publishers by automating processing for different types of devices....

 2021-07-27 05:10 

Tech in Asia

GudangAda serves up more sensational numbers as it inches closer to profitability...

The company is betting that its asset-light strategy - unique among players in the B2B ecommerce space - will give it an edge....

 2021-07-27 04:30 

Tech in Asia

Amazon-backed Indian D2C beauty brand closes $71m series C round...

The new funding round values MyGlamm at over US$300 million, sources said....

 2021-07-27 03:41 

Tech in Asia

Nium becomes first B2B payments unicorn in SEA after securing $200m in funding...

The Singapore remittance major said it is currently processing US$8 billion in payments annually, with revenues growing by over 280% year over year....

 2021-07-27 03:00 

Tech in Asia

UK cashback rewards firm Curve used this pitch deck to net $55m in series B money...

Curve merges users' debit and credit cards into a single virtual card that's accompanied by a mobile app...

 2021-07-26 22:00 

Tech in Asia

Indian ecommerce marketplace Cashify acquires retail platform UniShop...

The acquisition will help Cashify diversify its ecommerce offerings by providing mobile retailers with their own online presence....

 2021-07-26 13:32 

Tech in Asia

Tiger Global leads $36m round of former Flipkart exec's ecommerce roll-up firm...

GOAT Brand Labs, which aims to help lifestyle businesses grow online, is already in talks to acquire least 10 brands....

 2021-07-26 13:20 

Tech in Asia

Report: SoftBank-backed Unacademy acquires Twitch-like game-streaming firm...

Sequoia's Surge, Lightspeed, and other existing investors will exit Rheo TV as part of the deal, reported Business Standard....

 2021-07-26 11:52 

Tech in Asia

Edtech major Byju's pours $750m into acquisitions of Great Learning, Toppr...

Byju's acquired India-based Great Learning for US$600 million, while sources said the edtech major also acquired Toppr for US$150 million....

 2021-07-26 11:44 

Tech in Asia

Report: Sequoia India-backed hair and skincare startup bags $50m in funding...

Mamaearth hit a post-money valuation of US$730 million following the fresh fundraise, according to an Entrackr report....

 2021-07-26 11:30 

Tech in Asia

Report: GoTo in talks to raise $2b ahead of Indonesian stock market debut...

GoTo is seeking an initial public offering on the local stock exchange this year, reported Bloomberg....

 2021-07-26 11:09 

Tech in Asia

Emtek pours $375m in Grab's Indonesian arm...

The investment is part of a wider alliance between the two firms, which would see Grab and Emtek pursue efforts to accelerate SME digitalization....

 2021-07-26 10:53 

Tech in Asia

Malaysian logistics startup raises 7-digit amount from Japanese VC firm...

The fresh raise will be used for iStore iSend's overseas expansion to countries likeThailand and Vietnam....

 2021-07-26 10:17 

Tech in Asia

Sequoia launches fellowship program for female founders in India and SEA...

Each of the entrepreneurs selected will be matched with a startup founder from Sequoia India's portfolio, who will serve as their mentor....

 2021-07-26 09:57 

Tech in Asia

Foodpanda Thailand reportedly loses over 2 million users after social media debacle...

Foodpanda told Tech in Asia that the figures were inflated without providing details on the exact number of users accounts and merchants it lost....

 2021-07-26 09:55 

Tech in Asia

Report: Chinese EV maker gets green light for Hong Kong listing...

According to sources cited by Bloomberg, Li Auto may raise US$1 billion to US$2 billion through its secondary listing....

 2021-07-26 09:30 

Tech in Asia

Inside the digital bank race in Indonesia...

Why tech giants are breaking into the banking biz with their own versions, and a Pakistani startup raises money to support mom and pop stores...

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