Tag Archives: Indonesia
Gojek, Google and Grab CEOs back Vietnam’s stock trading app Anfin’s US$1.2M round
Anfin, a stock trading app for retail investors based in Vietnam, has raised US$1.2 million in a seed funding round from investors, including Global Founders Capital (GFC) and First Check Ventures. New investors, including the US-based The Goodwater Capital, also participated. According to the company, the CEOs of Gojek, Zalora, Stripe, Google, and Grab also […]
Singapore’s Smarter Health raises US$3.8M led by East Ventures for SEA expansion
The Smarter Health team Singapore-based Smarter Health has announced an SG$5.15 (US$3.8) million in Series A fundraise led by East Ventures. Orbit Malaysia, Citrine Capital, HMI Group, and Emtek also co-invested. As per a press statement, the health-tech company will use the funds primarily for product development and market expansion in Southeast Asia. Founded by Liaw […]
Global software provider endorses JobHopin's AI recruitment solution
With 77 percent of the world’s transaction revenue touching its system, SAP is the market leader in enterprise application software. For the first time, a solution from Vietnam is recognized and integrated into SAP’s partner system. JobAI-lysis is the first Vietnamese application to get integrated into SAP’s global software system. Photo by JobHopin The extension, […]
ExxonMobil Indonesia lawsuit heads for trial after 20 years
MEDAN, Indonesia — In court papers filed in the case of John Doe v. ExxonMobil Corporation, villagers recount in harrowing detail how they and their family members were caught and tortured in and around an ExxonMobil gas plant in Indonesia’s Aceh Province.
Top 10 community articles of 2021 on emerging markets
We all know Singapore is the heart of all the startup action in Southeast Asia. But 2021 has given local ecosystems in emerging economies of SEA a much-needed boost. From all the unicorn action Indonesia to Malaysia’s competitive edge to Vietnam’s youth entrepreneurship; the emerging markets are calling out. The e27 community contributors have encapsulated […]
Borzo acquires Indian delivery service NOW to strengthen its position in APAC
Borzo, a global same-day intracity delivery service for businesses, has acquired NOW, an Indian company providing 90-minutes delivery service. Following the acquisition, The Netherlands-based Borzo intends to improve its presence in Asia and give more customised delivery choices to its clients. Meanwhile, as an independent brand, NOW will benefit from Borzo’s knowledge and activities in […]
Southeast Asian startups to watch in 2022
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. Backed by international LPs, Southeast Asia-focused […]
Top news that grabbed the headlines in SEA startup scene in 2021
The Gojek-Tokopedia merger was the biggest event of 2021 The year 2021 has been challenging for the startup world. With the spectre of the COVID-19 pandemic still lurking, many businesses had to cease operations that affected millions of jobs worldwide. However, amidst all this, the startup world also witnessed some positive developments — the birth […]
Ilham Habibie on what it takes to bring the Indonesian startup ecosystem to the next level
Ilham Habibie (centre) with Ayoconnect CEO Jakob Rost (left) and COO Chiragh Kirpalani There have been many exciting updates in the Indonesian startup ecosystem in recent years. This year alone, we got to see Bukalapak becoming the first local unicorn startup to get listed on the stock exchange. We have also seen the birth of […]
Top 17 non-funding news that changed the startup ecosystem in 2021
The Gojek-Tokopedia merger was the biggest event of 2021 The year 2021 has been challenging for the startup world. With the spectre of the COVID-19 pandemic still lurking, many businesses had to cease operations that affected millions of jobs worldwide. However, amidst the crisis, the startup world also witnessed some positive developments — the birth […]
Kopi Kenangan joins unicorn club following a US$96M Series C fundraise
Kopi Kenangan, a fast-growing new retail F&B chain in Indonesia, has become a unicorn after closing a US$96 million Series C financing round, led by US-based Tybourne Capital Management. Existing investors, including Horizons Ventures, Kunlun, and B Capital, besides new investor Falcon Edge Capital, also participated. Also Read: Kopi Kenangan snags US$109M in Series B […]
Ecosystem Roundup: MoMo raises US$200M, becomes a unicorn; ex-CTO sues Society Pass; ONE Championship bags US$150M
ONE Championship Founder Chatri Sityodtong (L) Ex-CTO drags Society Pass into court for “breaching employment contract”, seeks over US$1.3M in damages Rahul Narain says Society Pass failed to pay him his earned compensation in salary, bonus payments, healthcare reimbursements, equity awards. Vietnam’s fintech firm MoMo joins unicorn club following US$200M Series E round Investors include […]
Northstar Group hits final close of Fund V at US$590M in capital
Patrick Walujo, co-founder and managing partner of Northstar Group Northstar Group, a Southeast Asia-focused private equity firm, has announced the final close of its fifth fund with US$590 million of capital commitments. Northstar Equity Partners V (Northstar V) received backing from sovereign wealth funds, insurance companies, institutional investors, family offices and high net worth individuals. […]
Binance’s regulatory setback in Singapore spurs shift in focus to Indonesia, Middle East
When Singapore’s central bank gave the green light to three entities to offer digital payment token services including cryptocurrencies earlier this year, the news was met with much fanfare.Observers at the time said the move would cement Singapore’s status as the leading crypto-financial hub in Asia and likely herald a wave of crypto-related businesses moving […]
OnMic, Vietnam’s answer to Clubhouse, scores seed funding from Touchstone Partners
(L-R) OnMic co-founders Lam Kim, Trung Nguyen, and Khanh Nguyen OnMic, a voice-chatting and streaming platform targeting the young population in Vietnam, has secured an undisclosed amount of seed funding from Vietnam-focused VC firm Touchstone Partners. OnMic was established in June 2021 by Lam Kim (CTO), Khanh Nguyen (CEO), and Trung Nguyen (CGO). It is […]
Monster.com raises about Rs 137 crore in funding led by Akash Bhanshali, Mohandas Pai
New Delhi: Business services provider on Wednesday said group firm Monster.com, an online talent platform, has raised up to Rs 137.5 crore in a funding round led by Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments. Quess Corp also participated in the funding round. After the funding round, Monster.com is valued […]
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